How Are S Corp Dividends Taxed? Basis, Distributions, and NIIT
Learn how S corp dividends are taxed, from the role of stock basis and distribution rules to salary requirements and the net investment income tax.
How to Fill Out W-4 Step 2b: Multiple Jobs Worksheet
Learn how to fill out W-4 Step 2b, from handling two or more jobs to splitting the added withholding across paychecks and updating it as income shifts.
What Is Derivative Debt? Types, Accounting, and Disclosure
Learn how derivative debt works, from the common instrument types and reasons issuers use them to the accounting, tax, and disclosure rules that follow.
What Is an Intentionally Defective Grantor Trust (IDGT)?
Learn how an intentionally defective grantor trust works, from its dual tax treatment and installment sale funding to the risks and planning tradeoffs involved.
Prudential Demutualization Cost Basis: Is It Really Zero?
Learn how to establish a Prudential demutualization cost basis, from allocating your original policy premiums to tracking records and reporting the sale.
Stablecoins vs Altcoins: Price, Taxes, and De-Pegging Risk
Learn how stablecoins vs altcoins compare, from price behavior and everyday uses to the tax consequences of swaps and the risks each type carries.
How to Get an ITIN Number for Your Child: W-7, Documents, Filing
Learn how to get an ITIN for your child, from gathering the right documents and filing the application to submission options and keeping the number active.
Transferor and Transferee: Roles, Tax Duties, and Reversal
Learn how transferor and transferee roles work, from each side's reporting and tax duties to when transfers can be undone or liability carries over.
1082 Tax Form: Form 982, Attribute Reduction, and Basis Adjustments
Learn how the 1082 tax form connects to Form 982, from excluding cancelled debt and reducing tax attributes to filing correctly and avoiding mistakes.
How to Account for Contract Expenses Under GAAP and IFRS
Learn when to capitalize contract expenses under GAAP and IFRS, from obtaining and fulfilling contracts to amortization, tax treatment, and impairment.