Share Repurchase Journal Entry: Cost Method, Par Value, and Excise Tax
Learn how share repurchase journal entries work under the cost and par value methods, from buyback through reissuance, retirement, and excise tax.
De Facto Liquidation: Tax Consequences, Penalties, and IRS Rules
Learn how the IRS treats a de facto liquidation, from corporate and shareholder tax consequences to the penalties of skipping formal dissolution.
How to Fill Out an EIN Application for Your LLC
Learn how to fill out an EIN application for an LLC, from gathering the right details and completing Form SS-4 to submitting it and handling changes later.
How Much Does a 1031 Exchange Cost? QI, Closing, and Boot Fees
Learn how 1031 exchange costs add up, from intermediary and closing fees to advisory, financing, and state tax issues that can quietly create boot.
What Tax Year Is It? Calendar Rule, Deadlines, and Extensions
Learn how to figure out what tax year it is, from how the calendar rule shapes your income and deadlines to filing extensions and non-calendar tax years.
Discount on Notes Payable: Journal Entry, Amortization, and Example
Learn how a discount on notes payable journal entry works, from issuance and periodic amortization through balance sheet reporting and early payoff.
Is Executive Coaching Tax Deductible? W-2 and Self-Employed Rules
Learn how executive coaching is tax deductible, from employer-paid setups and self-employed rules to the skills test and records you need to keep.
Internal Revenue Code Section 6601: Rates, Compounding, and Relief
Learn how IRS interest on unpaid taxes works, from when it begins and how the quarterly rate is set to the limited ways to pause, reduce, or avoid it.
QDMTT Pillar Two: Scope, Calculation, and Safe Harbor
Learn how QDMTT Pillar Two works, from which multinationals fall in scope and how the top-up tax is calculated to safe harbors and filing duties.
What Is a Clearing Account and How Does It Work?
Learn how a clearing account works, from its basic mechanics and common business uses to how it differs from a suspense account and adapts to automation.