How Does One Commit Accounts Receivable Fraud?
Learn how accounts receivable fraud works, from schemes that hide stolen cash or inflate sales to the legal exposure and controls that prevent it.
Accelerated Notes: Cap, Buffer, and Phantom Income
Learn how accelerated return notes work, from leveraged upside and downside protection to their tax and credit trade-offs and when they make sense.
IRS Payment Plan Not Debited: Causes, Fixes, and CP523 Notices
Learn what to do when an IRS payment plan is not debited, from why the withdrawal failed to catching up, fixing bank details, and handling default notices.
What Is a MUD Disclosure in Real Estate? Notice, Termination, and Taxes
Learn how a MUD disclosure works for Texas homebuyers, from what the notice must reveal and when it arrives to your right to walk away and the tax impact.
1099 Investment Income: Reporting, NIIT, and Wash Sales
Learn how 1099 investment income is reported on your return, from interest and dividends through capital gains and losses to the net investment income tax.
Who Has to File Form 720: Activities, Deadlines, and Penalties
Learn who has to file Form 720, from the activities that trigger federal excise tax to the quarterly filing, payment, and compliance rules that follow.
What Is an Audited Profit and Loss Statement and Who Needs One?
Learn how an audited profit and loss statement works, from what defines an audit and who requires one to how auditors test the numbers and issue opinions.
Journal Entry for Security Deposit: Refunds, Interest, and ASC 842
Learn how the journal entry for a security deposit works, from tenant and landlord entries through lease-end refunds, interest, and non-refundable cases.
What Is Advertising Expense Classified As in Accounting?
Learn what advertising expense is classified as in accounting, from income statement placement and recognition timing to federal deduction rules.
IRS Section 48 Energy Credit: Rates, Bonuses, and Recapture
Learn how the Section 48 energy credit works, from qualifying property and rate bonuses to labor rules, recapture, and turning the credit into cash.