What Does a True-Up Mean in Accounting: Examples and Thresholds
Learn what a true-up means in accounting, from why estimates end up on the books to how adjustments play out across payroll, leases, and revenue.
Can You Gift Money From an IRA Without Paying Taxes?
Learn how to gift money from an IRA without paying taxes, from qualified charitable transfers to gift tax rules, Roth flexibility, and inherited accounts.
Do Subsidiaries Have Their Own EIN? Exceptions and QSub Rules
Learn how EIN rules apply to subsidiaries, from when a separate number is required through disregarded entity and QSub exceptions to application steps.
Terminated Plan: Vesting, Form 5310, and Final Form 5500
Learn how to terminate a 401(k) plan, from vesting participants and filing with the IRS through distributing assets and closing out final reporting.
What Is FMV in Stocks? Definition, 409A Rules, and Gift Basis
Learn how the fair market value of stock is determined, from public and private company shares to equity compensation, gifts, inheritances, and charitable donations.
Do I Need to File Taxes With No Income? Thresholds and Credits
Learn whether you need to file taxes with no income, from how the IRS defines earnings and filing thresholds to credits that make filing worthwhile.
Accounting for Credit Card Rewards: Taxable Income and Deductions
Learn how credit card rewards are taxed, from rebates on everyday spending to taxable bonuses and how business use affects deductions and reporting.
ESPP Qualified vs. Non-Qualified Plans: Tax Treatment and Reporting
Learn how qualified vs. non-qualified ESPP tax treatment works, from purchase-day taxation through selling the shares and reporting the income correctly.
How to Report a Missed RMD: Form 5329 and Reasonable Cause
Learn how to report a missed RMD, from taking a corrective withdrawal and filing the right paperwork to requesting a penalty waiver for reasonable cause.
How to File Taxes If You Didn’t Work: Credits, Forms, and Deadlines
Learn how to file taxes if you didn't work, from knowing when a return is required or worthwhile to claiming credits and meeting key deadlines.