Small Business FSA: Owner Eligibility, Limits, and Setup
Learn how a small business FSA works, from owner eligibility and plan setup through the ongoing compliance and tax savings that follow each plan year.
Can You Deduct Gambling Losses? The 90% Cap and Itemizing Rules
Learn how deducting gambling losses works, from the offset and itemizing rules through recordkeeping and how professional filers and states diverge.
Fence Depreciation Life: MACRS Class, Bonus, and ADS Rules
Learn how fence depreciation life works for business owners, from MACRS classification and first-year write-offs to alternative schedules and repair rules.
Wealth Tax in Europe: Spain, Norway, and Switzerland
Learn how the wealth tax in Europe works in the countries still imposing it, from broad net-worth levies to narrower asset taxes and US reporting exposure.
What Kind of Expense Is a New Firewall Device?
Learn what kind of expense a new firewall device is, from immediate write-off options to standard depreciation and later disposal or state considerations.
Can You Deduct Closing Costs on Taxes: The Three That Qualify
Learn how deducting closing costs on your taxes works, from the fees that qualify as deductions to those that adjust your basis or follow separate rules.
How to Avoid Anti-Dumping Duty: Pricing, Scope, and Reviews
Learn how to avoid anti-dumping duty through lawful pricing and sourcing tactics, from scope and circumvention limits to administrative and sunset reviews.
Supporting Organizations: IRS Rules, Types, and Tests
Learn how 509(a)(3) supporting organizations qualify with the IRS, from relationship tests and structural types to donor impact and ongoing compliance.
How to Close an S Corp: Form 966, Final 1120-S, and Dissolution
Learn how to close an S corp, from the dissolution vote and required tax filings to winding down operations and distributing what remains to shareholders.
DoD Contractor Tax Exemptions: FEIE, Housing, and State Rules
Learn how DoD contractor tax exemptions apply overseas, from federal income and housing relief to Social Security, state, and reporting obligations.