EIN Business Categories: The Four Types Plus Trusts and Estates
Learn how EIN business categories work, from commercial and fiduciary entity types to responsible party rules and when a change requires a new number.
Windows Depreciation Life: 27.5 vs. 39-Year Rules
Learn how windows depreciation life works on rental and business property, from when capitalization applies to faster write-offs and related cost issues.
1099-INT Payer Instructions: Boxes, IRIS Filing, and Penalties
Learn how 1099-INT payer instructions work, from gathering W-9s and completing the form to filing with the IRS, making corrections, and penalties.
What Is IRS Form 1120 Used For? Filers, Schedules, Deadlines
Learn how IRS Form 1120 works for C corporations, from filing requirements and tax mechanics through schedules and deadlines to late-filing penalties.
Can a Church Gift Money to an Individual: IRS Rules and Reporting
Learn when a church can gift money to an individual, from charitable aid and disaster relief to taxable payments and the church's reporting duties.
S Corp Payroll Requirements: Reasonable Salary, Forms, and Deposits
Learn how S Corp payroll requirements work, from setting a reasonable owner salary through withholding and deposits to the quarterly and annual tax filings.
Equity Method vs Fair Value Method: Recording and Ownership Shifts
Learn how the equity method vs fair value method works, from picking the right approach through recording investment activity to handling ownership shifts.
Index Options: 60/40 Split, Form 6781, and Loss Carryback
Learn how index options taxation works, from the blended long/short-term treatment and reporting mechanics to loss carrybacks and how ETF options compare.
What Is the Existence and Occurrence Assertion?
Learn how the existence and occurrence assertion shapes audits, from procedures used to verify assets and transactions to what happens when claims fail.
Independent Contractor EIN Requirements and How to Apply
Learn how to get an EIN as an independent contractor, from confirming you need one through applying with the IRS to using and updating it later.