Buying a Car Out of State: How Sales Tax and Titling Work
Learn how sales tax works when buying a car out of state, from who collects it at purchase to how credits and titling settle up what you owe at home.
Can an NOL Offset Capital Gains? The 80% Cap and Section 1231
Learn how an NOL can offset capital gains, from how the deduction works and its limits to interactions with other taxes, corporate rules, and state law.
Where to Report Inheritance on Your Tax Return
Learn where to report an inheritance on your tax return, from income the assets produce to sales of inherited property and foreign transfer disclosures.
What Is an Inverted Corporation and How Does It Work?
Learn how an inverted corporation works, from the tax motives behind the strategy to the federal rules and shareholder consequences that reshaped it.
How Much Can You Write Off on a Second Home?
Learn how much you can write off on a second home, from personal-use and rental deductions to mixed-use allocations, loss limits, and tax impacts at sale.
What Does “Date Holding Period Met” Mean for ESPP?
Learn how the ESPP holding period works, from the two timelines that govern qualifying sales to the tax treatment, reporting, and loss rules that follow.
Form 1065 Schedule M-3 Instructions: Who Files and How to Reconcile
Learn how the Schedule M-3 Form 1065 instructions work, from filing triggers and source financials through book-to-tax reconciliation and deadlines.
Can You Write Off a Hot Tub for Medical Reasons?
Learn how the hot tub tax deduction works when prescribed medically, from qualifying and documenting the purchase to claiming costs and common pitfalls.
Do You Have to Report Gift Cards on Taxes?
Learn how to report gift cards on taxes, from cards tied to a job or side work through what belongs on your return, what stays off, and what happens if you skip it.
AU-C 700: Forming an Opinion on Financial Statements
Learn how AU-C 700 shapes auditor opinions on nonpublic financial statements, from clean reports to modifications, going concern, and PCAOB differences.