Strategies to optimize your finances

A clear guide to accounting for business combinations: the acquisition steps, fair value, goodwill, and how the FASB ASC 805 rules work.

Form 8606 is used to report nondeductible IRA contributions, Roth conversions, and distributions, so the IRS does not tax your after-tax money twice. 

What ASC 740 covers: the income tax provision, deferred tax assets and liabilities, uncertain tax positions, and the new ASU 2023-09 disclosures.

What IRS Form 8300 is, who must file it, and how to report cash payments over $10,000 within 15 days, electronically or on paper.

Who must file Form 1120-F, how effectively connected income is taxed, the protective return that preserves deductions, and the 1120-F due dates.

A clear guide to reporting foreign gifts, inheritances, and foreign trusts to the IRS on Form 3520, with thresholds, deadlines, and penalty risks.