Blogs

Section 127 Educational Assistance: How the $5,250 Tax-Free Benefit Works

Published On:

September 10, 2026

Section 127 lets employers give up to $5,250 in tax-free educational assistance, now including student loan repayment. See how the plan works.

ASC 460 Guarantees

Published On:

September 10, 2026

ASC 460 guidance on guarantee recognition and disclosure, fair value measurement, product warranties, and indemnification agreements.

ASC 730: How Research and Development Costs Are Treated Under GAAP

Published On:

September 10, 2026

Learn how ASC 730 governs R&D expensing under GAAP, how software R&D differs under ASC 350-40, and how in-process R&D works.

The Accumulated Earnings Tax and How It Hits a C Corporation

Published On:

September 10, 2026

The accumulated earnings tax is a 20% penalty on a corporation that retains earnings beyond reasonable business needs to avoid income tax.

Section 302 Stock Redemptions: Capital Gain or Dividend

Published On:

September 10, 2026

When a corporation redeems stock, Section 302 decides whether the distribution is a capital gain or a dividend to the shareholder. Here is how.

ASC 360 Impairment Test for Assets Held and Used and Disposal

Published On:

September 10, 2026

How ASC 360 impairment testing works for long-lived assets held and used, asset groups, intangible assets, and assets to be disposed.

Section 752 and the Final Regulations: How Partnership Liabilities Get Allocated

Published On:

September 10, 2026

Learn how Section 752 allocates partnership liabilities, what the December 2024 final regulations changed, and how recourse liabilities work.

Section 731 Partnership Distributions: Marketable Securities and Gain

Published On:

September 10, 2026

Under Section 731, a partnership distribution triggers gain only when money, including marketable securities, exceeds your basis. Here are the rules.

IRC Section 721 and the Nonrecognition of Gain or Loss on Partnership Contributions

Published On:

September 10, 2026

IRC Section 721 lets you contribute property to a partnership in exchange for an interest with no immediate tax. See how it works and its limits.

Effectively Connected Income (ECI): Understanding How ECI Tax Works

Published On:

September 10, 2026

Effectively connected income (ECI) is taxed at graduated rates on a net basis. See how ECI tax works and how it differs from flat 30% FDAP.

Base Erosion and Anti-Abuse Tax: What Large Multinational Corporations Need to Know

Published On:

September 10, 2026

Form 8804 and 8805: Section 1446 Partnership Withholding Tax for Foreign Partners

Published On:

September 10, 2026

How to file Form 8804 and 8805 for partnership withholding tax under Section 1446 when a partnership has foreign partners.

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Our Blogs

Section 127 Educational Assistance: How the $5,250 Tax-Free Benefit Works

ASC 460 Guarantees

ASC 730: How Research and Development Costs Are Treated Under GAAP

The Accumulated Earnings Tax and How It Hits a C Corporation

Section 302 Stock Redemptions: Capital Gain or Dividend

ASC 360 Impairment Test for Assets Held and Used and Disposal

Section 752 and the Final Regulations: How Partnership Liabilities Get Allocated

Section 731 Partnership Distributions: Marketable Securities and Gain

IRC Section 721 and the Nonrecognition of Gain or Loss on Partnership Contributions

Effectively Connected Income (ECI): Understanding How ECI Tax Works

Base Erosion and Anti-Abuse Tax: What Large Multinational Corporations Need to Know

Form 8804 and 8805: Section 1446 Partnership Withholding Tax for Foreign Partners

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