What Is the Penalty for Over-Contributing to a 401(k)?
Learn how the penalty for over-contributing to a 401(k) works, from excess deferrals to timely corrections and what happens when the deadline passes.
IRA Rollover Rules: Deadlines, Withholding, and Roth Conversions
Learn how IRA rollover rules work, from moving money between accounts and employer plans to handling Roth conversions, missed deadlines, and IRS reporting.
Are Supplements Taxable? State Sales Tax, HSA/FSA, and SNAP
Learn how supplements are taxed across the states, from retail sales tax and online purchases to health savings accounts and food assistance.
Vested vs Non-Vested: Retirement, RSUs, and the 83(b) Election
Learn how vested vs non-vested status affects your benefits, from retirement plan rules to equity compensation and what happens when you leave early.
Original Big 8 Accounting Firms: Mergers, Collapse, and the Big 4
Learn how the original Big 8 accounting firms became the Big 4, from decades of mergers and rebrands to the scandal that ended a founding partnership.
Can I Claim My Mother on My Taxes as a Dependent?
Learn how to claim your mother as a dependent, from IRS eligibility tests and shared-support rules to the tax benefits and risks of getting it wrong.
Economic Value vs. Price: Types, Valuation Methods, and IRS Penalties
Learn how economic value differs from price, from the main value types and valuation methods to the tax penalties for overstating what something is worth.
501(c)(3) Determination Letter: Form 1023 and the 27-Month Window
Learn how the 501(c)(3) determination letter process works, from preparing your organization and choosing the right application through IRS review.
Audit Assertions: Types, Testing Direction, and Failures
Learn how audit assertions frame a financial audit, from management's claims about balances and disclosures to testing direction and what failures reveal.
GASB Statement No. 68: Accounting for Government Pensions
Learn how GASB 68 shapes government pension accounting, from measuring the net pension liability and annual expense to required disclosures and auditing.