Dependent Care FSA Nondiscrimination Testing: 55% and 25% Tests
Learn how dependent care FSA nondiscrimination testing works, from who the tests apply to and how they run to what happens when a plan fails them.
IRC Section 460 Rules for Long-Term Contracts
Learn how IRC Section 460 long-term contracts are taxed, from covered jobs and exceptions to annual income reporting and post-completion adjustments.
Can I Claim Hazard Insurance on My Taxes? Rentals, Office, Rules
Learn how claiming hazard insurance on taxes works, from rental properties and home offices to construction costs and partially covered losses.
ASC 460 Guarantees: Scope, Recognition, and Disclosure
Learn how ASC 460 guarantees are accounted for, from scope and initial measurement through subsequent adjustments, derecognition, and footnote disclosure.
When Is a Cashier’s Check Reported to the IRS?
Learn when a cashier's check is reported to the IRS, from cash purchases at the bank to business transactions, gifts, and attempts to sidestep the rules.
Intra-Group Transactions: Transfer Pricing, Consolidation, and BEAT
Learn how intra-group transactions work, from consolidation and arm's length pricing to documentation, foreign affiliate reporting, and BEAT exposure.
Chipotle Tax Exempt Orders: Eligibility, Process, and Records
Learn how Chipotle tax exempt orders work for qualifying groups, from preparing documentation and placing the order to fixing billing issues and keeping records.
Does a Silent Partner Pay Tax? Self-Employment, NIIT, and QBI
Learn how a silent partner pays taxes on partnership income, from federal filing and self-employment rules to investment surtaxes, deductions, and exits.
Capital Item Definition, Depreciation, and Section 179 Rules
Learn how a capital item is treated for tax purposes, from classification and cost recovery through upfront deductions and what happens when you sell it.
How Are Military Bonuses Taxed? Withholding, CZTE, and TSP
Learn how military bonuses are taxed, from federal and state withholding through combat zone rules and TSP contributions to W-2 reporting and repayment.