ASC 740-270 Interim Reporting: AETR, Discrete Items, and Interim Losses
Learn how the ASC 740-270 interim tax provision works, from building the annual effective rate through discrete-item treatment to handling interim losses.
What Is IRS Form 8396: Mortgage Interest Credit?
Learn how IRS Form 8396 works for homeowners with a Mortgage Credit Certificate, from calculating and claiming the credit to refinancing and selling.
Health Reimbursement Arrangement Rules: QSEHRA, ICHRA, and EBHRA
Learn how health reimbursement arrangement rules differ across QSEHRA, ICHRA, and EBHRA plans, from plan design and coverage to employer compliance duties.
Main Residence: Capital Gains Exclusion and Ownership Tests
Learn how main residence IRS rules govern the capital gains exclusion, from qualifying tests and rental use to special situations and reporting the sale.
New Markets Tax Credits: The 39% Credit, Structure, and Recapture
Learn how new markets tax credits work, from investments through a community development entity to the seven-year compliance period and recapture rules.
What Is a Complex Trust? Taxation, Filing, and Uses
Learn how a complex trust works, from the rules that set it apart and the way it's taxed to filing duties, common planning uses, and the cost of running one.
Does the IRS Charge Interest on Payment Plans? Rates and Penalties
Learn how interest and penalties work on IRS payment plans, from the rates applied to your unpaid balance to ways of keeping the overall cost down.
Spinoff Transaction: How It Works, Cost Basis, and Tax Treatment
Learn how spinoff tax treatment works for shareholders, from cost basis and holding period mechanics to the requirements for tax-free versus taxable deals.
US Tax IQ: Types of Tax ID Numbers and How to Get One
Learn how the types of tax ID numbers work and how to get one, from choosing the right number for your situation to applying and keeping it protected.
Form 1065 Other Deductions Statement: Format, Contents, Penalties
Learn how the Form 1065 other deductions statement works, from what to include and how to format the attachment to e-filing rules and penalties for errors.