QSF Tax: Form 1120-SF, Claimant 1099s, and Attorney Fees
Learn how qualified settlement fund taxation works, from the fund's own liability and reporting duties to how claimants and attorneys are taxed on payouts.
How Are Director Fees Taxed and Reported? SE Tax, 1099, 409A
Learn how director fees are taxed and reported, from self-employment rules and available deductions to equity, deferred pay, and multi-board situations.
501c3 Dissolution Clause: Required Language, Elements, and Cy Pres
Learn how a 501(c)(3) dissolution clause works, from IRS requirements and proper placement to required language and handling a missing beneficiary.
EFIN Application: PTIN, Fingerprinting, and Suitability Check
Learn how the EFIN application process works, from initial IRS setup and identity requirements through the suitability review and what happens after a decision.
Auditing Cryptocurrency: Wallet Control, Valuation, and DeFi
Learn how auditing cryptocurrency works, from proving wallet control and valuing tokens to testing DeFi positions, custody, and reserve reporting.
What Do Further Audit Procedures Include? Controls and Substantive Tests
Learn what further audit procedures include, from tests of controls and substantive testing to timing choices, sampling, and fraud risk responses.
What IRS Disaster Designation Means for Your Taxes
Learn how an IRS disaster designation shapes your taxes, from postponed deadlines and casualty deductions to relief payments and retirement access.
Fully Depreciated, Still in Use: Sale, Form 4797, and Records
Learn how businesses handle fully depreciated assets still in use, from ongoing upkeep and carrying costs to selling, tax reporting, and recordkeeping.
Unknown Cost Basis: IRS Estimation Methods and Form 8949
Learn how to handle an unknown cost basis on investment sales, from finding records and estimating what you paid to reporting and correcting past returns.
ASC 360-10-35 Impairment of Long-Lived Assets
Learn how ASC 360-10-35 governs impairment of long-lived assets, from what prompts a test and how assets are grouped to measuring and reporting the loss.