British Hedge Funds: FCA Rules, Carried Interest, and US Investors
Learn how British hedge funds work under FCA oversight, from investor access and fees to manager tax treatment and cross-border issues for US investors.
How Many States Have an Exit Tax? Withholding and Federal Rules
Learn how many states have an exit tax, from real estate withholding on non-resident sales to lingering income tax rules and federal reach when you leave.
Legal Fees Capitalized vs. Deductible: Mixed Bills and Recovery
Learn when to capitalize legal fees vs deduct them, from acquiring and protecting long-term assets to routine operations, mixed invoices, and recovery.
What Is an Unallowed Loss on Form 8582? Limits and Release
Learn how an unallowed loss on Form 8582 works, from the passive activity rules that create it to how it carries forward and eventually becomes deductible.
Capital Gains Tax on Gifted Property: Basis, Rate, and Reporting
Learn how capital gains tax on gifted property works, from figuring your basis and holding period to claiming adjustments and reporting the sale.
Professional Corporation Taxation: C-Corp, S-Corp, and Section 199A
Learn how professional corporation taxation works, from C-corp defaults and compensation planning to S-corp elections and pass-through deduction limits.
401(k) Safe Harbor Requirements for Employers
Learn how 401(k) safe harbor requirements for employers work, from contribution formulas and immediate vesting to annual notices and adoption deadlines.
Bond Discount vs. Premium: OID, Market Discount, and Amortization
Learn how bond discount vs premium tax treatment works, from discounts taxed as interest to premiums amortized against income, plus municipal rules.
Late ESBT Election Relief: Rev. Proc. 2013-30 Conditions and Filing
Learn how trusts can secure late ESBT election relief, from automatic IRS procedures and filing requirements to private letter ruling fallback options.
Finance vs. Lease: Ownership, Costs, and Tax Treatment
Learn how financing vs leasing compares, from ownership and monthly costs to end-of-term options and how each is treated for personal and business taxes.