Can the IRS Garnish Social Security for Back Taxes?
Learn how the IRS can garnish Social Security for back taxes, from the notices and hearing rights you get first to ways to reduce, pause, or stop the levy.
Reasonable Compensation for a C Corp: Tests, Proof, and Penalties
Learn how reasonable compensation for a C corp is set, from the tests and factors the IRS applies to documentation, reclassification risks, and disputes.
Prepaid Revenue vs. Deferred Revenue: Liability, Asset, and Labels
Learn how prepaid revenue vs deferred revenue works, from which party books a liability or asset to classification and book-versus-tax differences.
Cash Internal Controls Checklist: Receipts, Disbursements, Payroll
Learn how a cash internal controls checklist safeguards money, from segregating duties and securing receipts and payments to reconciliation and insurance.
Where to Mail W-2c Forms: SSA, Employee, and E-File Rules
Learn where to mail W-2c forms, from employer filings with the SSA and e-file rules to how employees attach corrections to an amended return in time.
Restricted Stock Holding Period: Rule 144, Taxes, and QSBS
Learn how the restricted stock holding period works, from SEC resale rules and legend removal to the separate tax clock and QSBS treatment for founders.
Closely Held Stock Redemption: Section 302 Sale vs. Dividend Tests
Learn how a closely held corporation stock redemption is taxed as a sale or dividend, from qualifying tests and ownership rules to basis and documentation.
Bonus Depreciation for Solar: 100% Rate, ITC Stacking, and Recapture
Learn how bonus depreciation for solar works for businesses, from qualifying property and ITC coordination to filing, state conformity, and recapture.
What Is a Compliance Calendar and How to Build One?
Learn how to build and maintain a compliance calendar, from cataloging obligations and structuring entries through ongoing upkeep and accountability.
What Happens to Stock Options in an IPO: Taxes, Lock-Up, and AMT
Learn what happens to stock options in an IPO, from lock-up and vesting through the differing tax treatment of ISOs and NSOs and smart exercise timing.