How Does a Family Foundation Work? 5% Payout and Donor Tax Breaks
Learn how a family foundation works, from formation and day-to-day compliance to grantmaking rules and the tax tradeoffs for the donors who fund it.
Loans to Employees: Balance Sheet Treatment and Imputed Interest
Learn how accounting for loans to employees works, from recording and imputed interest on below-market notes through forgiveness and disclosure.
Partial Redemption of Partnership Interest: Basis, Hot Assets, §754
Learn how partial redemption of partnership interest tax treatment works, from the partner's basis and gain to partnership-level adjustments and reporting.
How to Report Forex Losses on Your Tax Return
Learn how to report forex losses on your tax return, from the different classification rules and elections available to recordkeeping and audit risks.
Can You Hire a Contractor with an ITIN Number?
Learn how to hire a contractor with an ITIN, from collecting the right intake forms and withholding rules to worker classification and 1099 filing duties.
How Long Does the IRS Take to Accept or Reject an E-File?
Learn how long the IRS takes to accept an e-filed return, from what acknowledgment really means to the common reasons returns get rejected and how to fix them.
Subchapter C Corporations: Taxation, Section 1202, and Compliance
Learn how C corporations work under U.S. tax law, from double taxation and shareholder planning to small business stock benefits and ongoing compliance.
How a Pledge Fund Works: Structure, Fees, and Tax Treatment
Learn how a pledge fund works, from its deal-by-deal structure and partnership terms to the economics, tax treatment, and tradeoffs investors should weigh.
Is a Resale Certificate the Same as a Tax Exempt Certificate?
Learn how a resale certificate compares to a tax exempt certificate, from what each does and when it applies to the paperwork sellers keep on file.
Does a Dependent Have to File a Tax Return? Thresholds and Kiddie Tax
Learn when a dependent has to file a tax return, from income thresholds and self-employment rules to the kiddie tax and consequences of not filing.