Are Difficulty of Care Payments Taxable Under IRS Rules?
Learn how difficulty of care payments are taxed, from qualifying for the IRS exclusion through proper reporting and correcting prior returns.
IRS Code Section 512: UBTI Tests, Exclusions, and Tax Rules
Learn how unrelated business taxable income works for exempt organizations, from the core test and statutory exclusions to calculating and filing the tax.
How to Report RMD on Your Tax Return: 1099-R, 1040, and State
Learn how to report an RMD on your tax return, from 1099-R entries and Form 1040 lines to partial taxability, missed distributions, and state filings.
Can You Claim a 24-Year-Old Child on Your Taxes?
Learn how to claim a 24-year-old child on your taxes as a qualifying relative, from income and support tests to the tax benefits and risks involved.
IRS 50-Mile Rule: Who Can Still Deduct Moving Expenses
Learn how the IRS 50-mile rule shapes moving expense deductions, from measuring distance and who qualifies to what costs count and how to claim them.
Can Form 843 Be Faxed to the IRS? Mailing and Phone Alternatives
Learn whether Form 843 can be faxed to the IRS, from proper mailing procedures and delivery safeguards to a faster phone option for penalty relief.
AU-C 800: Special Purpose Framework Audits and Reporting
Learn how AU-C 800 special purpose framework audits work, from accepting the engagement and tailoring procedures through reporting and use restrictions.
How Does Getting Married Affect Your Taxes?
Learn how getting married affects your taxes, from new filing status choices and shifting credits to home sales, retirement accounts, and joint liability.
Journal Entry for Tax Refund: Two Entries, Interest, and Offsets
Learn how to record a journal entry for a tax refund, from booking the receivable and interest to handling offsets and refunds applied forward.
E&P Depreciation Rules: ADS, Bonus Add-Back, and Section 179
Learn how E&P depreciation rules work for corporations, from the required parallel schedule and adjustments to how the differences reach shareholders.