How Long Do You Depreciate Rental Property Improvements?
Learn how long to depreciate rental property improvements, from asset classification and start dates to accelerated deductions and recapture at sale.
Are 1099s Cash or Accrual Basis? Year-End Timing and Mismatches
Learn how 1099s work on a cash or accrual basis, from the payer's reporting rules to year-end timing mismatches and reconciling them with your own books.
IRS Verification Code: How to Get, Use, and Replace It
Learn how the IRS verification code known as the IP PIN works, from requesting and using one on your return to replacing a lost code and spotting scams.
Qualified Nonrecourse Financing and the At-Risk Rules
Learn how qualified nonrecourse financing lets real estate investors raise their at-risk amount, from eligibility rules to reporting and recapture.
Form 8958: Income Allocation in Community Property States
Learn how Form 8958 divides income between spouses in community property states, from allocating earnings and deductions to exceptions and filing rules.
Bank Statement for Tax Return: Tracking Income and Deductions
Learn how to use bank statements for a tax return, from identifying income and deductions to keeping records and handling gaps or foreign accounts.
Are Stipends Reported on 1099? 1099-NEC, W-2, 1098-T, 1042-S
Learn how stipends are reported on a 1099 or similar tax forms, from how payers classify the payment to filing your return when no tax was withheld.
How to Use MyLodgeTax for Lodging Tax Compliance
Learn how to use MyLodgeTax for lodging tax compliance, from signing up and reporting revenue to fixing mistakes and the tasks that remain yours.
Disposal of Asset Journal Entry Examples and Tax Rules
Learn how to record a disposal of asset journal entry across sales, scrap, trade-ins, and casualty payouts, and where book and tax treatment diverge.
IRS Schedule S: Built-in Gains Tax for S Corporations
Learn how the built-in gains tax for S corporations works, from who owes it and how gains are measured to calculating and reporting the tax correctly.