What Is IRC 742? Basis of Transferee Partner’s Interest
Learn how IRC 742 sets a transferee partner's starting basis, from purchases, inheritances, and gifts through liability shares and later basis adjustments.
What Is a Group Audit and How Does It Work?
Learn how a group audit works, from dividing responsibilities and scoping components to instructing local teams and issuing one consolidated opinion.
Are Business Insurance Proceeds Taxable? Section 1033 and Payouts
Learn how business insurance proceeds are taxed, from property and interruption payouts to gain deferral, key-person policies, and liability settlements.
Vested Remainder Interest: Types, Rights, and Tax Treatment
Learn how a vested remainder interest works with a life estate, from its types and holder rights through transfers, creditor exposure, and tax treatment.
IRS Audit Extension: Consent Forms, Deadlines, and Your Options
Learn how IRS audit extensions work, from getting more time on document requests to signing consent forms and finding help if an extension is denied.
Does Your Bank Report Wire Transfers to the IRS?
Learn whether your bank reports wire transfers to the IRS, from the records kept on each transfer to the filings foreign wires can create for you.
Forensic Accounting Defined: What It Is and Who Does It
Learn how forensic accounting works, from what these investigators do and how they build a case to the disputes where their findings and testimony matter.
Who to Call About a Tax Levy Notice: IRS, State, and Free Help
Learn who to call about a tax levy notice, from identifying the agency and prepping for the call to protecting appeal rights and finding free help.
What Does Exempt on W-4 Mean and Who Qualifies?
Learn how the exempt status on a W-4 works, from who qualifies and how to claim it through annual renewals, mid-year changes, and state withholding rules.
What Is Accounts Receivable Days? Formula, Pitfalls, and Fixes
Learn how accounts receivable days works, from calculating and interpreting the number to what drives it higher and the steps that bring it back down.