Small Business Tax Strategies

Do you own a vacation home you rent out during the winter months? The place could be a goldmine of tax deductions, but you may be hampered by the passive activity loss rules.

{ 0 comments }

A sharply divided Congress may be casting clouds of uncertainty over tax law changes, but that shouldn’t deter you from year-end planning.

{ 0 comments }

Q. What are the chances that the manufacturing deduction will be extended?

{ 0 comments }

In a recent mailing to about 5,000 tax return preparers, the IRS cautioned tax practitioners about using Social Security numbers, expired taxpayer ID numbers or numbers obtained before September 2010.

{ 1 comment }

The IRS issued new final capitalization regulations late last year. Generally, amounts paid to improve tangible property must be capitalized and depreciated over time, but the regulations provide a unique opportunity.

{ 0 comments }

Earlier this year, the Tax Court determined that the once-a-year limit on tax-free rollovers applies to all of a taxpayer’s IRAs, not each one separately. This contradicted the previous taxpayer-friendly interpretation of the rules by the IRS.

{ 0 comments }

If you own a small business operating on a calendar-year basis, now is the time to cash in on tax-saving opportunities while avoiding potential pitfalls.

{ 0 comments }

Do you remember the gas-guzzler tax from years ago? It hasn’t disappeared completely.

{ 0 comments }

Q. We’re paying my adult younger sister to watch our children while we work. Can we claim the child care credit?

{ 0 comments }

According to IRS data, taxpayers reported $9.1 trillion in adjusted gross income for 2012.

{ 0 comments }

Page 1 of 250123102030...Last »