Indirect Ownership Examples: Attribution, Chains, and Thresholds
Learn how indirect ownership examples work, from chain math through attribution across entities and family to the thresholds that trigger consequences.
IRS Mileage Audit: Triggers, Required Records, and Penalties
Learn how an IRS mileage audit unfolds, from what draws examiner attention and the records required to how disallowed deductions and penalties play out.
Is Your Car a Fixed Asset? MACRS, Section 179, and Luxury Caps
Learn how a car functions as a fixed asset for tax purposes, from setting the cost basis and choosing a deduction method to selling the vehicle later.
Which States Don’t Accept Out-of-State Resale Certificates?
Learn how states that don't accept out-of-state resale certificates work, from local registration rules to multistate certificates and drop shipping issues.
Purchase Commitments: GAAP Losses, Recovery, and Disclosure
Learn how purchase commitments are handled under GAAP, from loss recognition and price recoveries to required disclosures and tax timing differences.
Is Lot Rent on a Mobile Home Tax Deductible?
Learn how lot rent on a mobile home is treated for tax deductions, from the default rules for personal residences to exceptions and related write-offs.
How to Use AOTC and 529 Without Double-Dipping
Learn how to use AOTC and a 529 together, from splitting tuition between the two benefits to handling scholarships and avoiding costly mistakes.
How 100-Year Bonds Work: Duration, Inflation, and Tax
Learn how 100-year bonds work, from who issues them and why prices swing so sharply to the effects of inflation and U.S. tax rules on long-term returns.
Can a Partnership Be a Disregarded Entity? Rules and Exceptions
Learn whether a partnership can be a disregarded entity, from the single-owner rule and spousal exceptions to ownership changes and other tax elections.
What Is Considered Other Dependents on a W-4?
Learn how other dependents on a W-4 work, from qualifying relative rules and eligibility basics to entering them on the form and handling phase-outs.