Electing Disregarded Entity Status for a Single-Member LLC
Learn how disregarded entity status for a single-member LLC works, from federal tax reporting to alternative elections and state considerations.
What Happens If My School Doesn’t Give Me a 1098-T?
Learn what to do if your school doesn't give you a 1098-T, from confirming the filing duty and requesting the form to documenting expenses and claiming the credit.
Form 1120-REIT: Filing, Distributions, and Penalties
Learn how Form 1120-REIT works, from filing and qualification tests through distribution deductions, shareholder reporting, and penalties for errors.
Do Tax Refund Checks Expire? Federal, State, and the 3-Year Deadline
Learn how tax refund checks expire, from federal and state void windows to replacing stale checks and the hard deadline that forfeits the money.
Is a 403(b) an IRA for Tax Purposes? Contributions, Loans, RMDs
Learn how a 403(b) differs from an IRA for tax purposes, from contributions and withdrawals to loans, required distributions, and rollovers between them.
FASB Technical Bulletin No. 85-4: Life Insurance Under ASC 325-30
Learn how FASB Technical Bulletin 85-4 shapes life insurance accounting, from balance sheet measurement and income recognition to its place in ASC 325-30.
Is a Surcharge a Tax? How Courts Draw the Line
Learn how courts decide whether a surcharge is a tax, from the legal tests and warning signs of hidden taxes to what the difference means at tax time.
State Tax Liens: What They Cost and How to Resolve Them
Learn how state tax liens work, from filing and what they attach to through the costs they create and the options for resolving and clearing them.
What Are Back Taxes on a Car and How Do You Pay Them?
Learn how back taxes on a car arise, from tracking down what you owe through paying off the balance to handling disputes, liens, and used-car purchases.
What Is a Bank Overdraft in Accounting: Liability, GAAP, and IFRS
Learn how a bank overdraft in accounting works, from its liability status through balance sheet presentation and cash flow treatment under GAAP and IFRS.