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Accounting
How to Fill Out Form 8824 for a Like-Kind Exchange
Our guide will walk you through how to fill out Form 8824. These instructions detail the supporting documents needed to…
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How To
How to Complete Form 5884 (With Example)
The steps shown here will walk you through how to complete Form 5884. These steps address how to obtain the…
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How To
How Paying Your Child From Your Business Can Save Taxes
Paying your kids from your business is a legal way to reduce taxes for your company while utilizing your child’s…
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taxes
Leasing or Renting Property to Your Own Business
Leasing or renting The difference between renting and leasing is the length of time covered in the agreement. Leases tend…
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Accounting
What Is an Installment Sale & How Does It Work?
Installment sales are often used for the sale of a business and for real estate transactions. This sale structure is…
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Accounting
How To Read an IRS Transcript (+Example)
Figuring out how to read an IRS transcript? can be very manageable if you know what to look for. You’ll…
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Accounting
What Does Code 150 Mean on an IRS Transcript?
Code 150 on an IRS transcript means that the IRS has accepted your return for processing and has created a…
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Accounting
What Is Code 766 on an IRS Transcript?
When transcript code (TC) 766 appears on an IRS transcript, it generally means a refundable credit has been applied to…
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Accounting
How to Amend a Corporate Tax Return
A corporate tax return is amended by filing Form 1120X. An amended return may be required to account for information…
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Accounting
What Is Schedule SE? (+Example)
IRS Schedule SE (Form 1040) is used by freelancers, sole proprietors, and independent contractors to calculate their Social Security and…
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