Bona Fide Loan: IRS Requirements, Tax Treatment, and Reclassification
Learn how the IRS evaluates a bona fide loan, from the terms that create real debt to the tax treatment and reclassification risks if it falls short.
Is a Home Warranty Tax Deductible? Rentals, Offices, and Flips
Learn how home warranty tax deductibility works across different property uses, from rental units and home offices to house flips and closing-cost premiums.
Are Teachers’ Government Wages Medicare Qualified?
Learn whether teachers' wages are Medicare qualified, from hire-date rules and pension-state coverage to checking credits and enrolling at 65.
Unamortized Bond Premium: Amortization and Tax Treatment
Learn how an unamortized bond premium works, from pricing above par and write-down methods to tax treatment and selling or calling before maturity.
Corporate Excise Tax: Form 720, Deposits, and Refunds
Learn how corporate excise tax works, from the activities that trigger federal and state liability through filing, deposits, penalties, and refunds.
Shareholder Loan Repayment: AFR, Basis, and Recharacterization
Learn how shareholder loan repayment tax rules work, from proving the debt and meeting the AFR to handling basis, forgiveness, and recharacterization risks.
1099 Backup Withholding: Triggers, Payee Fixes, and B-Notices
Learn how 1099 backup withholding works, from the triggers and covered payments to how payees stop it and what payers must do to stay compliant.
Restaurant Equipment Depreciation: MACRS, Section 179 & Bonus
Learn how restaurant equipment depreciation works, from recovery periods and first-year write-offs to build-outs, sale recapture, and recordkeeping.
REIT 100-Shareholder Requirement: 5/50 Test, Penalties, Relief
Learn how the REIT 100-shareholder requirement works, from counting owners and related ownership tests to recordkeeping and consequences of falling short.
What Is Land in Accounting? Costs, Improvements, and Sale
Learn how land in accounting is treated, from the costs that make up its recorded value through improvements, impairment, and gain or loss on sale.