LLC Stock Options: Profits Interests, Phantom Equity, and Tax Rules
Learn how LLC stock options work, from the equity substitutes that stand in for shares to how they are taxed and what changes when you become a partner.
What Is a Settlement Fund: Claims, Taxes, and Payouts
Learn how a settlement fund works in class action and mass tort cases, from creation and claim filing through payouts, taxes, and unclaimed money.
Farm Cash Rent 1099: W-9, Deadlines, and Penalties
Learn how farm cash rent 1099 reporting works, from identifying which landowners need a form and collecting W-9s to meeting deadlines and avoiding penalties.
Asset Impairment Journal Entry: Steps, Testing, and Disclosures
Learn how to record an asset impairment journal entry under U.S. GAAP, from testing and measurement to depreciation, tax effects, and disclosures.
How to Calculate Untaxed Portions of IRA Distributions
Learn how to calculate the untaxed portion of an IRA distribution, from tracking basis and the pro-rata rule to conversions, QCDs, and inherited accounts.
Is Car Loan Interest Tax Deductible? New Law and Exceptions
Learn how car loan interest is treated under federal tax law, from the default against deducting personal interest to new-vehicle and business exceptions.
What Happens If You Send a 1099 to Someone Who Doesn’t Need It?
Learn what to do if you sent a 1099 to someone who didn't need it, from filing a corrected return and handling penalties to preventing future mistakes.
Callable Stocks: Definition, Risks, and Tax Rules
Learn how callable stocks work, from the terms that let a company redeem your shares to the risks, pricing checks, and tax treatment involved.
How to Audit a General Ledger: Steps, Controls, and Testing
Learn how to audit a general ledger, from planning and controls testing through substantive procedures, confirmations, and issuing the final opinion.
Can I Refile My Taxes If They Were Rejected?
Learn how to refile taxes if rejected, from fixing the error and meeting resubmission deadlines to handling identity conflicts and avoiding late penalties.