Strategies to optimize your finances

Deferred revenue explained: why money paid upfront is a liability, the journal entries, and how it turns into revenue as you deliver.

8857 requests innocent spouse relief from the IRS when only your spouse or former spouse should owe the tax on a joint return.

Form 8821 vs 2848 explained. One grants IRS information access, the other power of attorney. Learn which authorization a taxpayer needs. 

Form 990-T reports UBIT, the unrelated business income tax for nonprofits. See what triggers it, the $1,000 filing requirement, and the due date.

Form W-7 is used to apply for an ITIN, the IRS tax ID for filers without a Social Security number. Learn who is eligible and how to apply.

RSUs, or restricted stock units, are taxed as ordinary income at vesting, then capital gains tax when you sell the stock. Here's how it works.