IRC Section 3121: FICA Wages, Exclusions, and 2026 Wage Base
Learn how IRC Section 3121 defines FICA wages, from the default rule and statutory exclusions to worker-specific treatment, current rates, and corrections.
Capital Loss Carryover: Rules, Wash Sales, and Carryover Use
Learn how a capital loss carryover works, from calculating and tracking the loss to applying it in future years and navigating wash sales and life events.
What Is a Micropayment? Processing, Uses, and Your Rights
Learn how micropayments work, from the processing methods that keep tiny charges viable to common uses and the rights of both payers and earners.
How to Handle Form 1095-A When Married Filing Separately
Learn how Form 1095-A works when married filing separately, from splitting the allocation and repaying advance credits to the exceptions that preserve eligibility.
Can an S Corp Purchase Real Estate: Debt Basis and Exit Traps
Learn how an S corp can purchase real estate, from the basis and financing limits while you hold the property to the tax traps when you sell or exit.
Can a Church Give Money to an Individual? Tax Rules and Benevolence
Learn how a church can give money to an individual, from tax-free benevolence and disaster relief to insider payment pitfalls and reporting duties.
Foreign Shareholder in a C Corp: FIRPTA, Estate Tax, and Form 5472
Learn how the US taxes a foreign shareholder in a US C corporation, from profits and dividends through selling shares, estate exposure, and reporting duties.
Section 6038 Foreign Reporting Requirements and Penalties
Learn how Section 6038 foreign reporting requirements and penalties work for U.S. owners of foreign entities, from filing duties to enforcement and relief.
How to Record a Convertible Note Accounting Entry
Learn how a convertible note accounting entry is recorded, from issuance and interest accrual through conversion or repayment and later term changes.
Step Acquisition Accounting: Remeasurement, Goodwill, and NCI
Learn how step acquisition accounting works under US GAAP, from remeasuring your prior stake and recognizing goodwill to consolidating the new subsidiary.