2,121 plain-English guides on cross-border moves, US and Canadian returns, and small-business money. Each one ends in what to do next, and says when a written Diagnostic is the smarter first step.
Page 43 of 89, newest first.
Partnership distributions are generally tax-free to the extent of the partner's basis under IRC 731. Distributions exceeding basis trigger capital gains.
Small Business & BookkeepingPartnership distributions are generally tax-free to the extent of the partner's outside basis, but the rules governing when a distribution triggers gain.
Small Business & BookkeepingGuaranteed payments under IRC 707(c) are payments made by a partnership to a partner for services or the use of capital.
Small Business & BookkeepingPartnerships file Form 1065 (informational) and issue K-1s to partners. Partners pay self-employment tax on their distributive share.
Small Business & BookkeepingUnder IRC 708, a merging partnership continues only if its partners own over 50% of capital and profits afterward. How assets-over and assets-up forms change basis and gain.
Small Business & BookkeepingRemote employees in other states create payroll withholding, income tax, and unemployment insurance obligations. Which states have the strictest rules.
Small Business & BookkeepingHiring remote employees in other states creates tax nexus for the employer. Hiring a remote employee in another state triggers multiple state tax.
Small Business & BookkeepingRenting personally owned property to your S-Corp creates a deductible expense for the business and rental income for you personally.
CFO & AdvisorySelling a business triggers capital gains tax, ordinary income from depreciation recapture, and self-employment tax on certain allocations.
CFO & AdvisoryWhen selling a business, the total purchase price must be allocated among the business assets under IRC 1060 and the residual method.
CFO & AdvisoryThe tax consequences of selling a business differ dramatically depending on whether the transaction is structured as an asset sale or a stock sale.
CFO & AdvisoryWhen a business is sold, the tax consequences depend almost entirely on whether the transaction is structured as an asset sale or a stock/interest sale.
CFO & AdvisorySelling a business triggers multiple layers of tax, and the total tax bill depends on the entity type (sole proprietorship, LLC, S-Corp, C-Corp.
CFO & AdvisoryWhen a business owner sells commercial real estate, the gain splits into depreciation recapture taxed at 25% and capital gain taxed at lower rates.
CFO & AdvisoryFor any business that sells physical products, cost of goods sold (COGS) is the largest deduction on the tax return and the primary determinant of gross.
Small Business & BookkeepingEquity compensation is one of the most complex areas of individual and business taxation because the tax consequences depend on the type of award.
Small Business & BookkeepingAdding a partner to a sole proprietorship changes the tax structure from Schedule C to Form 1065 (partnership return). What changes when you add a partner.
Small Business & BookkeepingThe tax treatment of business litigation proceeds depends on the origin of the claim. Tax treatment of damages received (recipient's perspective): |.
Tax PlanningA net operating loss (NOL) under IRC 172 arises when a taxpayer's allowable deductions exceed gross income for the tax year.
Tax PlanningBusiness losses from startup years, equipment purchases, or economic downturns create tax loss carryforwards that offset future income.
Tax PlanningBusiness owners can harvest tax losses by selling depreciated assets, abandoning worthless inventory, or recognizing bad debts.
Tax PlanningTax-loss harvesting offsets capital gains with realized losses, reducing your current-year tax bill. The wash sale rule under IRC 1091 limits repurchases.
Tax PlanningTax-loss harvesting involves selling losing investments to offset capital gains, reducing tax by up to $3,000/year even without gains.
Tax PlanningTax-loss harvesting is the practice of selling investments at a loss to offset capital gains and, within limits, ordinary income.