Famous Audit Fraud Cases: From Enron to Wirecard
Learn how famous audit fraud cases unfolded, from the tricks executives used to the auditor failures and legal fallout that followed the collapse.
How Long Does a 501(c)(3) Need to Keep Records?
Learn how long a 501(c)(3) needs to keep records, from routine retention periods for tax and payroll files to documents that must be preserved permanently.
Phantom Gains: Causes, Reporting, and Estimated Tax Penalties
Learn how phantom gains tax arises, from partnership debt and depreciation to bonds and cancelled debt, plus reporting and estimated tax penalties.
What Percentage of Federal Taxes Does the Top 1% Pay?
Learn what percentage of federal taxes the top 1% pays, from who falls into that group and their effective rates to how their share stacks up against other earners.
What Is an ADR Fee? Amount, Payment, and Tax Treatment
Learn how an ADR fee works for U.S. investors in foreign stocks, from what the charge covers and how it's collected to related costs and tax considerations.
How to Split Rental Income for Tax Purposes: Deeds and Deductions
Learn how to split rental income for tax purposes among co-owners, from deed-based shares and deductions to when a partnership or LLC is required.
How Silver Options Are Taxed Under Section 1256
Learn how silver options are taxed under Section 1256, from qualifying contracts and blended rates to year-end reporting, loss treatment, and straddles.
How Long to Depreciate Flooring in Rental Property?
Learn how to depreciate flooring in a rental property, from picking the right recovery period to handling replacements and the tax hit when you sell.
Retroactive Annuity Starting Date Regulations: Election and Makeup Pay
Learn how a retroactive annuity starting date works in defined benefit plans, from the election and makeup pay to tax and distribution rules.
Does a Partnership Get a 1099? Forms, Deadlines, and Penalties
Learn when a partnership gets a 1099, from the reach of the corporate exemption and choosing the right form to filing deadlines and penalties for skipping it.