ASC 958: Nonprofit Statements, Net Assets, and Disclosures
Learn how ASC 958 shapes nonprofit financial statements, from net asset classes and contribution rules to expense reporting and endowment disclosures.
Which Payroll Deductions Are Voluntary vs. Mandatory?
Learn how voluntary vs mandatory payroll deductions work, from what employers must withhold to the benefits you authorize and how tax rules shape your pay.
Inventory Allowance: Calculation, Journal Entry, and Tax Treatment
Learn how an inventory allowance works, from estimating and recording the write-down through financial statement effects and how tax treatment differs.
Can You Do a Roth Conversion From an Inherited IRA?
Learn how a Roth conversion from an inherited IRA works, from surviving spouse and non-spouse rules to tax costs and alternatives for beneficiaries.
What Is an S Corp Election? Form 2553, Taxes, and Salary Rules
Learn how an S corp election works, from eligibility and filing through pass-through taxation, shareholder pay and benefits, and how the status can end.
Form 8850 Instructions: Deadline, Target Groups, and SWA Filing
Learn how Form 8850 works within the Work Opportunity Tax Credit process, from applicant and employer sign-off through state agency filing and claiming the credit.
Are 401(k) Contributions Subject to FICA? Employee vs. Employer
Learn how FICA applies to 401(k) contributions, from employee deferrals and W-2 reporting to employer matches and self-employed retirement savers.
Captive Insurance Tax: Section 831 Elections, Deductions, and Filing
Learn how captive insurance tax works, from qualifying as real insurance and choosing a taxation regime to premium deductions, disclosures, and filings.
Is GoFundMe Money Taxable? Gifts, 1099-Ks, and Donor Rules
Learn when GoFundMe money is taxable and when it counts as a tax-free gift, from reporting surprises and recordkeeping to what donors should keep in mind.
Reverse Hybrid Entity: Section 267A, 894(c), and Mismatches
Learn how the U.S. addresses a reverse hybrid entity, from the mismatch that lets income escape tax to the denial of deductions and treaty relief.