IRS Short Sales: Section 1233, Wash Sales, and Reporting
Learn how short sale tax rules work, from timing and holding-period treatment to interactions with owned stock, wash sales, costs, and IRS reporting.
If You Finance a Car, Can You Claim It on Taxes?
Learn how a tax deduction for financing a car works, from the new loan interest write-off and related purchase taxes to business use and expired credits.
Goodwill Accounting: Measurement, Impairment, and Bargain Purchases
Learn how goodwill accounting works, from measurement at acquisition through impairment testing and the different rules for private companies and IFRS.
Do Credit Unions Pay Taxes? The Exemption, Members, and Banks
Learn how credit unions pay taxes, from the corporate income tax exemption and the levies they still owe to what it means for members and banks.
Does a Contractor Charge Sales Tax to Customers?
Learn when a contractor charges sales tax to customers, from capital improvements versus repairs to mixed jobs, tax-exempt buyers, and out-of-state work.
1099-R Distribution Code 3: Disability Proof, Taxes, and Reporting
Learn how a 1099-R distribution code 3 affects a disability withdrawal, from proving eligibility and handling taxes to correcting a miscoded form.
Gains and Losses in Accounting: Recognition, Sources, and Reporting
Learn how gains and losses in accounting are recognized and reported, from asset sales and impairments to unrealized value changes and tax treatment.
How to Claim the Parent PLUS Loan Tax Deduction
Learn how to claim the Parent PLUS loan tax deduction, from who qualifies and what interest counts to income limits, refinancing, and filing your return.
What Does It Mean for an LLC to Be a Disregarded Entity?
Learn how a disregarded entity LLC is taxed, from who qualifies and how income reaches the owner to liability, EIN rules, and state-level treatment.
Is Hazard Pay Taxable? W-2, Withholding, and Combat Zone
Learn how hazard pay is taxed as ordinary wages, from paycheck withholding and W-2 reporting to the combat zone exception and contractor considerations.