Plain-text accounting insights, tutorials, and updates from the Beancount.io team.
Most US restaurants charge $20-$25 per bottle in corkage; the fee is a taxable service charge, so ring it separately and run staff payouts through payroll.
Ministers are employees for income tax but self-employed for Social Security: housing allowances escape income tax yet still owe SECA tax.
Apportioned plates let one interstate truck register once: the base state collects the fee and splits it across states by miles driven.
A 52-53 week year ends on the same weekday under Section 441, with a 53rd week every 5-6 years. Adopt it on your first return; later switches need IRS approval.
Reconcile every account, assemble the CPA tax package, and lock the year before January — with IRS 1099 deadlines and the W-9s filed first.
COGS is the direct cost of what you sold — materials, labor, freight. Revenue minus COGS is gross profit, the verdict on whether your pricing works.
Retailers deduct 1–5% per violation for late shipments, bad labels, and missing ASNs — dispute fast with PO, ASN log, and proof of delivery.
TIC interests are deeded real estate, not partnership shares — so they can qualify for Section 1031 deferral if the co-ownership meets IRS ruling conditions.
A 2-1 buydown cuts your mortgage rate 2 points in year one and 1 point in year two via a seller-funded escrow — then the full payment returns.
A teen with only W-2 wages owes no IRS income tax under $16,100 for 2026 — file anyway to reclaim withholding, and fund a Roth IRA with 0%-taxed dollars.
A state amnesty wipes penalties — sometimes interest — if you pay back taxes inside the window; Indiana and Illinois show how narrow the terms run.
Georgia's 30% film credit is transferable, so brokers buy it near 90 cents on the dollar — refundable credits in states like New Mexico pay cash instead.
