by TheBusinessProfessor | Feb 23, 2025 | Business Taxation
[cite] Back to: ACCOUNTING & TAXATION The vesting of stock options over a period leads to the question, when does the employee pay taxes on the value of the equity received? IRC 83(b) Vesting of Stock Awards and Tax Liability IRC Section 83(b) allows a shareholder...
by TheBusinessProfessor | Feb 23, 2025 | Business Taxation
[cite] Back to: ACCOUNTING & TAXATION What are Phantom Profits? More specifically, what happens if the business does not distribute any of the profits to the owners? A corporation, or an entity being taxed as a corporation, distributes profits to its shareholders...
by TheBusinessProfessor | Feb 23, 2025 | Business Taxation
[cite] Back to: ACCOUNTING & TAXATION Tax Basis of a Business Entity Basis is largely a tax concept. By definition, basis is the value that an individual pays for an asset. If the asset is later sold or disposed of for a higher amount, there is a gain. If it is...
by TheBusinessProfessor | Feb 23, 2025 | Business Taxation
[cite] Back to: ACCOUNTING & TAXATION How are Partnerships Taxed? In short, they are not. Partnerships are pass-through tax entities. This means that all profits and losses flow directly through to the partners. The partnership may file an informational tax...
by TheBusinessProfessor | Feb 23, 2025 | Business Taxation
[cite] [arve url=”https://youtu.be/WAc9Dmf7LRk” title=”Employer Identification Number” description=”This video explains what is an employer identification number and the requirements to secure one. ” /]Next Article: Protect Your...
by TheBusinessProfessor | Feb 23, 2025 | Business Taxation
Next Article: Protect Your Business Name Back To: TAXATION What are Sales Tax Licenses and Numbers? A state-issued license and identification number for businesses collecting sales tax. If you sell certain types of goods, your state likely requires that you collect...
