Synthetic Forward: How It Works, Risks, and Tax Traps
Learn how a synthetic forward contract works, from building the position through its payoff and tax risks to how it differs from a traditional forward.
Statement of Operations vs. Income Statement: When Each Is Used
Learn how statement of operations vs income statement labels vary by industry and framework, from report contents to formats and comprehensive income.
Director Tax Treatment: Outside vs. Employee, 409A, and Equity
Learn how director tax treatment works, from the outside versus employee split through equity, deferred fees, and rules for owner-directors of corporations.
Is GoFundMe Money Taxable? Gifts, 1099-K, and Benefits
Learn when GoFundMe money is taxable, from gifts and campaigns run for someone's benefit to tax form surprises, recordkeeping, and impacts on need-based aid.
Can You Claim Car Payments on Taxes? Depreciation and Leasing
Learn how claiming car payments on taxes works for business vehicles, from purchase and lease rules to operating costs and the records the IRS expects.
Do I Charge Sales Tax When Selling Out of State?
Learn how charging sales tax when selling out of state works, from when you owe through registering, calculating the right rate, and filing returns.
How to Get an IRS Tax Clearance Certificate
Learn how IRS tax clearance certificates work, from closing a dissolved business to clearing estate tax liens and FIRPTA withholding on U.S. property sales.
Mexico Withholding Tax: Rates, US Treaty, and Claiming
Learn how Mexico withholding tax works for non-residents, from statutory rates on different income types through treaty relief and claiming credit at home.
Can You Report Someone to the IRS Anonymously?
Learn how to report someone to the IRS anonymously, from filing a tip and what to include to the tradeoffs and when confidential reporting fits better.
Are Medical Reimbursements Taxable? HSA, FSA & HRA Rules
Learn how medical reimbursements are taxed under employer-sponsored health accounts, from qualified expenses to situations that make payouts taxable.