Blogs

Form 5329, Additional Taxes on Qualified Plans, IRAs, and Other Tax-Favored Accounts

Published On:

September 2, 2026

Form 5329 reports the additional taxes on early distributions, excess IRA contributions, and missed RMDs. See when to file it and when you don't.

Qualified Charitable Distribution: A Charitable Giving Strategy for IRA Owners

Published On:

September 2, 2026

Learn how qualified charitable distributions work, who qualifies, QCD limits, and how to reduce taxable IRA distributions through charity.‍

IRS Form 8027: The Annual Information Return of Tip Income and Allocated Tips

Published On:

September 2, 2026

IRS Form 8027 reports tip income and allocated tips for large food or beverage establishments. See who must file and how the 8% allocation works.

The FUTA Credit Reduction, Credit Reduction States, and Your Federal Unemployment Tax

Published On:

September 2, 2026

A FUTA credit reduction raises the federal unemployment tax employers owe in certain states. See who is affected and how to report it on Form 940.

Section 125 Cafeteria Plans: A Guide for Employers

Published On:

September 2, 2026

A Section 125 cafeteria plan lets employees pay for benefits with pre-tax dollars, cutting taxes for everyone. Here is how these plans work.

ASC 220 Presentation and Disclosure

Published On:

September 2, 2026

FASB ASC 220 covers comprehensive income reporting requirements, OCI components, change in equity, and statement of changes presentation.

IRS Form 944: What Small Employers Need to Know About Annual Federal Tax Filing

Published On:

September 2, 2026

Learn who must file IRS Form 944, how it differs from Form 941, payroll tax reporting rules, and how to avoid penalties.

The Equity Method of Accounting Under ASC 323: Investments and Joint Ventures

Published On:

September 2, 2026

The equity method of accounting under ASC 323 covers investments and joint ventures. See when to use it and how to record earnings.

An Introduction to Hedge Accounting and Derivatives Under ASC 815

Published On:

September 2, 2026

ASC 815 requires every derivative on the balance sheet at fair value. See how hedge accounting tames the earnings swings that creates.

Accounting for Investments in Equity Securities (ASC 321)

Published On:

September 2, 2026

ASC 321 covers accounting for equity securities at fair value or the measurement alternative. Here is what is in scope and how to measure them.

Partnership Tax Allocations for Contributed Properties

Published On:

September 2, 2026

How partnerships allocate built-in gain or loss on contributed properties using the traditional, curative, and remedial allocation methods.

Section 351 Transfer: How to Move Property Into a Corporation Without Recognizing Gain or Loss

Published On:

September 2, 2026

Learn how Section 351 lets you transfer property to a corporation in exchange for stock tax-free, and what makes the transfer taxable.

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Our Blogs

Form 5329, Additional Taxes on Qualified Plans, IRAs, and Other Tax-Favored Accounts

Qualified Charitable Distribution: A Charitable Giving Strategy for IRA Owners

IRS Form 8027: The Annual Information Return of Tip Income and Allocated Tips

The FUTA Credit Reduction, Credit Reduction States, and Your Federal Unemployment Tax

Section 125 Cafeteria Plans: A Guide for Employers

ASC 220 Presentation and Disclosure

IRS Form 944: What Small Employers Need to Know About Annual Federal Tax Filing

The Equity Method of Accounting Under ASC 323: Investments and Joint Ventures

An Introduction to Hedge Accounting and Derivatives Under ASC 815

Accounting for Investments in Equity Securities (ASC 321)

Partnership Tax Allocations for Contributed Properties

Section 351 Transfer: How to Move Property Into a Corporation Without Recognizing Gain or Loss

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