Accounting for Drop Ship Inventory: COGS, Sales Tax, and 1099-K
Learn how accounting for dropshipping inventory works, from revenue recognition and cost of goods sold to sales tax obligations and federal tax reporting.
Aggregate Value in Law, Insurance, Securities, and Tax
Learn how aggregate value triggers legal thresholds, from insurance and securities rules to estate taxes, foreign account reporting, and merger filings.
UTMA Tax Rates: Kiddie Tax Thresholds, Form 8615, and NIIT
Learn how UTMA tax rates work for a child's custodial account, from the kiddie tax tiers and filing choices to what changes once the child ages out.
Is Employee Entertainment Tax Deductible? Parties, Meals, Penalties
Learn how the tax deductibility of employee entertainment works, from qualifying parties and outings to nondeductible perks, recordkeeping, and penalties.
How to Estimate Tax Liability for a Form 4868 Extension
Learn how to estimate tax liability for Form 4868, from projecting income and applying tax brackets to subtracting credits, payments, and safe harbor.
Section 1295 QEF Election: Form 8621 Filing and Late Elections
Learn how a QEF election works for a PFIC, from setting it up and handling annual reporting to cleaning up prior years, missed deadlines, and uncooperative funds.
States That Don’t Tax Lottery Winnings: All 8, Including California
Learn how states that don't tax lottery winnings fit in, from state exemptions and no-income-tax rules to federal withholding and out-of-state wins.
How to Avoid Tax on CD Interest: IRAs, HSAs, and Munis
Learn how to avoid tax on CD interest, from sheltering it in retirement and health savings accounts to lower-tax alternatives when those are maxed.
Can You Write Off a Boat as a Business Expense: IRS Rules
Learn how you can write off a boat as a business expense, from proving genuine business use to claiming deductions and handling the eventual sale.
Is Medicare Part B Reimbursement Taxable or Tax-Free?
Learn how Medicare Part B reimbursement is taxed, from when it stays tax-free to when prior deductions make it income and how to report or correct it.