Box 12 Code DD on W-2: What It Covers and Why It’s Not Taxable
Learn how Code DD on your W-2 works, from what the reported health coverage figure represents to why it isn't taxable and how to handle it at filing time.
Do You Pay Taxes on DRIP Dividends? Rates, NIIT, and Wash Sales
Learn how taxes on DRIP dividends work, from rates and surtaxes to special situations like retirement accounts, foreign stocks, and wash sales.
What Is the Useful Life of a Building for Depreciation?
Learn how the useful life of a building for depreciation works, from statutory recovery periods and alternative systems to components and later changes.
Internal Control Over Financial Reporting: Types and Cycle Examples
Learn how internal control over financial reporting works, from preventive and detective controls across transaction cycles to IT and entity-level oversight.
401(k) Loan Tax Penalty: Triggers, Exceptions, and Rollovers
Learn how the 401(k) loan tax penalty works, from what triggers a default and its cost to rollover relief, penalty exceptions, and pausing payments.
What to Do With Excess Cash in a Business: Save, Reinvest, or Distribute
Learn how to decide what to do with excess cash in a business, from building reserves and paying debt to reinvesting, tax planning, and paying owners.
What Is an Investment Holding Company: Entity Forms and Taxes
Learn how an investment holding company works, from the reasons owners form one and choosing an entity structure to how the income is ultimately taxed.
What Increases Accounts Payable: Causes, Effects, and Red Flags
Learn what increases accounts payable, from credit purchases and growth to payment timing and accruals, plus the effects and warning signs to watch.
Can You Temporarily File Exempt on Your W-4? Rules and Penalties
Learn how temporarily filing exempt on your W-4 works, from eligibility and claiming it to its yearly expiration and the penalties for getting it wrong.
IRS Tax Practitioner Hotline: Number, Menu Options, and Limits
Learn how the IRS tax practitioner hotline works for credentialed pros, from eligibility and call prep to what agents can resolve and where to turn next.