How Are ADRs Taxed? Dividends, Foreign Tax Credit, and PFICs
Learn how ADRs are taxed, from dividend treatment and foreign withholding through the foreign tax credit to sales, retirement accounts, and PFIC pitfalls.
Section 1256: How the 60/40 Tax Rule Works
Learn how the Section 1256 60/40 rule works for futures and similar contracts, from which positions qualify to year-end treatment and how to report gains.
Substitute Form W-8BEN: Validity, Fields, and Electronic Use
Learn how a substitute Form W-8BEN works, from validity and required fields to electronic use, recordkeeping, and the withholding agent's liability.
How Can I Avoid Paying Taxes on Annuities? Roth, 1035, QLAC
Learn how to avoid paying taxes on annuities, from tax-free structures to deferral moves, rate control, and planning for surcharges and beneficiaries.
How to Use the De Minimis Safe Harbor for Rental Property
Learn how the de minimis safe harbor for rental property works, from setting up your policy and electing it to handling purchases above the limit.
Where to Find Your Tax ID Number: SSN, EIN & ITIN
Learn where to find your tax ID number across the types issued to individuals and businesses, from locating it on personal records to getting IRS or SSA help.
AU-C 402: Audit Considerations for Service Organizations
Learn how AU-C 402 shapes audit considerations for service organizations, from SOC report evidence to subservice providers and the audit opinion.
Related Party Leases: Section 482, Section 267, and Penalties
Learn how related party lease tax rules work, from pricing rent at arm's length and handling deduction timing to required documentation and IRS penalties.
How to Report Guaranteed Payments on Form 1065
Learn how to report guaranteed payments on Form 1065, from the partnership's deduction and K-1 allocations to how each partner handles the income.
What Is A/P and A/R? Accounts Payable and Receivable
Learn how accounts payable and accounts receivable work, from daily tracking and cash flow timing to when formal records and tax reporting are required.