26 USC 7203: Willful Failure to File or Pay Tax
Learn how 26 USC 7203 treats a willful failure to file, from what prosecutors must prove and possible penalties to felony triggers and coming forward.
How to Find Long-Term Debt in Financial Statements
Learn how to find long-term debt in financial statements, from pulling filings and reading the balance sheet to the footnotes that reveal terms and risk.
How to Calculate Tax-Paid Gallons for IFTA Returns
Learn how to calculate tax-paid gallons for IFTA, from fuel receipts and bulk storage records to per-jurisdiction totals, audits, and recordkeeping.
How Many Acres to Be Considered a Farm for Taxes?
Learn how many acres it takes to be considered a farm for taxes, from federal profit rules to state property classifications and rollback consequences.
CDs for Nonprofits: FDIC Coverage, UPMIFA Duties, and Laddering
Learn how CDs for nonprofits work, from deposit insurance and tax rules to board investment duties and building a laddered maturity structure.
Where Do I Get a K-1 Tax Form and Who Sends It?
Learn where you get a K-1 tax form and who issues it, from tracking down the sending entity to handling late, missing, or incorrect forms at filing time.
How to Record Dividends Declared and Paid: Cash, Stock, Property
Learn how to record the journal entry for dividends declared and paid, from cash, stock, and property payouts to their place on the financial statements.
Sinking Fund in Balance Sheet: Asset or Liability?
Learn how a sinking fund on the balance sheet is classified and accounted for, from setup and disclosure through retirement, shortfalls, and bankruptcy.
Depreciation Is a Non-Cash Expense: Tax Savings and Recapture
Learn how depreciation works as a non-cash expense, from its effect on financial statements to the tax savings it creates and what happens at sale.
Federal Form 1310: Who Must File, Boxes to Check, and Documents
Learn how Form 1310 works when claiming a deceased taxpayer's refund, from who must file and what to gather to submitting the form and avoiding delays.