Are Discounts Tax Deductible for Your Business?
Learn how the IRS treats business discounts and whether they're tax deductible, from price cuts you offer customers to vendor and employee discount rules.
Retention Bonus Taxes: Withholding, FICA, and Repayment Rules
Learn how retention bonus taxes work, from withholding and payroll taxes through merger-related exposure and what to do if you have to repay the money.
What Is the Canadian Equivalent of a W-9 Form?
Learn how the Canadian equivalent of a W-9 form works, from domestic tax identifiers to the W-8 forms U.S. payers need for Canadian recipients.
Is Cost of Goods Sold on the Balance Sheet or Income Statement?
Learn how cost of goods sold fits into the balance sheet or income statement, from its accounting treatment and inventory ties to service business and tax reporting.
Inherited Annuity: Beneficiary Types, Taxes, and the 10-Year Rule
Learn how inherited annuity taxes work, from qualified versus non-qualified rules and beneficiary options to withdrawal timing and claiming the payout.
How to Transfer 529 Ownership from Parent to Child
Learn how to transfer 529 ownership from a parent to a child, from plan rules and paperwork through tax implications, financial aid, and alternatives.
Can I Claim an Adult as a Dependent on Taxes?
Learn how claiming an adult as a dependent on taxes works, from the IRS qualification tests to the credits and filing benefits it can unlock.
Form 3922: ESPP Spread, Dispositions, and Cost Basis
Learn how Form 3922 works for ESPP shares, from the figures your employer reports to how they shape the taxable spread and your cost basis at sale.
Do Roth Distributions Count Towards AGI or MAGI?
Learn whether Roth distributions count toward AGI and MAGI, from the rules that make a withdrawal qualified to the ripple effects on taxes and benefits.
Does Social Security Tax Count as Federal Withholding?
Learn whether Social Security tax counts as federal withholding, from how the IRS treats each tax to when those payroll deductions can come back to you.