Strategies to optimize your finances

How the excess business loss limitation under Section 461 caps business losses for noncorporate taxpayers, and how Form 461 carries the rest forward.

IRS Form 926 reports property transfers to foreign corporations. See who must file, the 10% and $100,000 triggers, and the penalty for not filing.

Net operating loss rules explained: NOL carryforward and carryback limits, the 80% deduction cap, and how to figure NOLs on Form 172.

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