What is IRS Publication 536 IRS Publication 536 is a document published by the Internal Revenue Service (IRS) that provides guidance on what to do when a taxpayer, whether an individual or corporation, has more deductions than income in a given tax year. If the total deductions a taxpayer claims are greater than that taxpayer’s income
What Is IRS Publication 538? IRS Publication 538 is a document published by the Internal Revenue Service (IRS) that details the various commonly recognized accounting methods and periods, who they apply to, and how to abide by them. The IRS requires taxpayers to use a consistent and standardized accounting approach when reporting income and taxation
What Is IRS Publication 542? The term IRS Publication 542 refers to a document published by the Internal Revenue Service (IRS) that provides information on the general tax rules that domestic corporations must follow. IRS Publication 542 outlines the type of organizations that are taxed as corporations, the accounting methods typically used, the deductions allowed
What Is Publication 551? IRS Publication 551, entitled Basis of Assets, is an informational document published by the Internal Revenue Service (IRS) that outlines how to determine the cost basis for investments, real estate and business assets. The cost basis is used to determine what amount of gain or loss is realized from a sale
What is IRS Publication 557? IRS Publication 557 is a document published and by the Internal Revenue Service (IRS) that explains the rules to be followed by an organization in order to obtain and maintain tax-exempt status. IRS Publication 557 guides taxpayers as to the required forms and documents, the appeals process if tax-exempt status
What Is IRS Publication 560: Retirement Plans for Small Business (SEP, SIMPLE, and Qualified Plans)? IRS Publication 560: Retirement Plans for Small Business (SEP, SIMPLE, and Qualified Plans) delineates and updates the rules each year for employers establishing retirement plans for themselves as well as their employees. Key Takeaways IRS Publication 560 outlines how a
What Is IRS Publication 561: Determining the Value of Donated Property? IRS Publication 561: Determining the Value of Donated Property is a document published by the Internal Revenue Service (IRS) that provides taxpayers with information on how to determine the fair market value (FMV) for assets donated to a qualified organization. Taxpayers can donate a wide
What Is an IP Address? IP address stands for internet protocol address; it is an identifying number that is associated with a specific computer or computer network. When connected to the internet, the IP address allows the computers to send and receive information. Key Takeaways An internet protocol (IP) address allows computers to send and
What Is the Industrial Production Index (IPI)? The industrial production index (IPI) is a monthly economic indicator measuring real output in the manufacturing, mining, electric, and gas industries, relative to a base year. It is published in the middle of every month by the Federal Reserve Board (FRB) and reported on by the Conference Board, a member-driven economic
Investopedia / Zoe Hansen What Is an Initial Public Offering (IPO)? An initial public offering (IPO) refers to the process of offering shares of a private corporation to the public in a new stock issuance for the first time. An IPO allows a company to raise equity capital from public investors. The transition from a private to
