Small Business Tax

Section 179 vehicles should be a key part of your small business tax deduction strategies. Can Section 179 property fit in with your business tax strategies?

Let Business Management Daily help you get each and every rental property depreciation credit and business tax deduction you’re entitled to.

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Is it worthwhile to earn money while you’re receiving Social Security benefits?
How do you figure the amount available for a partial exclusion? Multiply the available exclusion by the appropriate ratio.
Writing off car damages from a trip acting as director on the board for a charity.
Does it still make sense to use home-office deductions if the IRS is cracking down?
Second audits can go differently than the first
As a small business owner, you generally can deduct 100 percent of your family’s medical insurance costs even if you’re self-employed. But you can do better taxwise by taking an unusual approach.
Are you planning to sell your business soon? Your huge payday could turn into a huge capital gain. But you can reduce your resulting tax bill, provide for a comfortable retirement and help out a favorite charity in one shot.
Does kiddie tax apply even after the parents divorce?
Officials from 19 states signed on to the Streamlined Sales Tax Project (SSTP), a collective effort among 42 states and the District of Columbia to impose sales taxes on remote sellers of products and goods over the Internet.
The IRS says it will stop collecting the federal excise tax on long-distance telephone service and will refund excise taxes paid—plus interest— since Feb. 28, 2003. (IRS Notice 2006-50)
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