Is FICA Based on Gross or Net Income? Deductions and Wage Cap
Learn how FICA is figured on gross or net income, from pre-tax deductions that actually reduce taxable wages to paystub checks and self-employment rules.
Private Company Share Buyback: Section 302, Pricing, and QSBS
Learn how a private company share buyback works, from board approval and share pricing to structuring the deal for favorable seller tax treatment.
Single-Member LLC Taxed as an S Corp: Salary, Savings, and Filing
Learn how a single-member LLC taxed as an S corp works, from salary and payroll obligations to ongoing filings, state treatment, and undoing the election.
Per Diem Tax Rules: Requirements, Federal Rate Ceiling, and Failed Plans
Learn how per diem tax rules work, from the requirements for tax-free treatment and federal rate ceilings to failed plans and special-industry travelers.
LLC With 3 Owners: Management, Voting, and Taxes
Learn how an LLC with 3 owners is structured and run, from management and voting choices through tax treatment, member payouts, and planning for exits.
FAS 141: Business Combinations, ASC 805, and Goodwill
Learn how FAS 141 business combinations work under ASC 805, from the acquisition method and fair value measurement to goodwill and book-tax differences.
What Is the Depreciable Life of a Shipping Container?
Learn how the depreciable life of a shipping container works for tax purposes, from cost recovery options to recapture at sale and state variations.
How Much Will an Inground Pool Raise Property Taxes?
Learn how much an inground pool can raise property taxes, from how assessors value the addition to exemptions, appeals, and reassessment triggers.
Insurance Claim Accounting: Journal Entries, Tax, and Disclosure
Learn how insurance claim accounting works under U.S. GAAP, from recording the loss and recovery to tax treatment and financial statement disclosure.
Mileage Deductions for Real Estate Agents: Rates, Records, and Reporting
Learn how the mileage deduction for real estate agents works, from which trips qualify and choosing a method to keeping records and reporting the write-off.