How to Reinstate Your Revoked 501(c)(3) Status
Learn how to reinstate a revoked 501(c)(3) status, from choosing the right IRS path and preparing your application to handling state-level restoration.
Are Medicaid Waiver Payments Considered Taxable Income?
Learn how Medicaid waiver payments are treated as taxable income, from the shared-home rule and reporting to credits, payroll taxes, and state differences.
Form 990 Schedule M Instructions: Noncash Contributions Reporting
Learn how Form 990 Schedule M instructions guide nonprofits reporting noncash contributions, from thresholds and valuation to related forms and penalties.
Do Forex Traders Pay Tax in the USA: Section 988 and 1256 Rules
Learn how forex traders pay tax in the USA, from the two competing IRS regimes and reporting duties to estimated payments and foreign account disclosures.
Partner Loan to Partnership: Interest, Basis, and At-Risk Rules
Learn how the tax treatment of a partner loan to a partnership works, from documenting the debt and interest to basis effects and possible default.
Life Estate Step-Up in Basis: Retained vs. Gifted
Learn how the life estate step-up in basis works, from why estate inclusion drives the outcome to how retained and gifted interests are treated differently.
Catastrophe Savings Account: Rules, Contributions & Tax Benefits
Learn how a catastrophe savings account works in the states that offer one, from eligibility and contribution rules to tax treatment, withdrawals, and recordkeeping.
IRS Notice 1452 Sample: How to Verify Your Identity and Respond
Learn how to handle an IRS Notice 1452, from confirming the letter is real and verifying your identity to responding if you did not file the return.
What Is the VAT Rate on Business Water Bills: 0% or 20%?
Learn how the VAT rate on business water bills works, from which sectors qualify for zero-rating to mixed-use sites, sewerage, and past billing errors.
ExxonMobil Taxes: Rates, Royalties, and Drilling Credits
Learn how ExxonMobil taxes work, from corporate income rates and foreign credits to royalties, severance taxes, and oil and gas drilling deductions.