Consideration of Fraud in a Financial Statement Audit
Learn how the consideration of fraud in a financial statement audit works, from risk assessment and response through communications and documentation.
How to Change an LLC to a Partnership: Filing, Taxes, and EIN
Learn how to change an LLC to a partnership, from confirming the switch makes sense through the state filing process to the tax and post-approval steps.
Is Deferred Compensation Earned Income for Social Security?
Learn how deferred compensation counts as earned income for Social Security, from FICA timing and benefit impact to distributions and W-2 reporting.
1034 Exchange: Rollover Rules, Cost Basis, and What Replaced It
Learn how the old 1034 exchange rollover still affects home sales, from its repeal and replacement through basis carryover, inheritance, and taxable gain.
Accounting for Consignments: Journal Entries, UCC-1, and Sales Tax Nexus
Learn how consignment accounting journal entries work for consignor and consignee, from shipment through sale, settlement, and related legal exposure.
What Is an Indemnification Asset in a Business Combination?
Learn how an indemnification asset in a business combination works, from recognition and goodwill impact through subsequent measurement and disclosures.
Are Stocks and Bonds Interest-Bearing Assets? Tax Rules and NIIT
Learn how stocks and bonds are classified as interest-bearing assets, from the income mechanics behind each to tax treatment and common investor pitfalls.
IRS Guidance on Credit Card Rewards: What’s Taxable and How to Report
Learn how the IRS decides when credit card rewards are taxable, from everyday cash back and points to sign-up bonuses, business perks, and reporting.
How Does a Salesperson Pay Taxes on Commissions?
Learn how a salesperson pays taxes on commissions, from how worker classifications are treated to the deductions and planning that reduce the bill.
What Is an Estimated Liability? Conditions, Examples, and Disclosure
Learn how an estimated liability is recognized in accounting, from the conditions that require it through common examples and balance sheet disclosure.