Q: Several years ago, I bought a condo with my "significant other" (we weren't married) on a 50/50 percent basis. Now, we've split up, and we're selling the place. Can we both elect the maximum home-sale exclusion? K.H., New York City
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.
Q: I'm trying to plan out some equipment purchases. I know the expensing limit for business is higher than it's ever been. But isn't that figure supposed to fall way back in 2010 under the law's "sunset" provision? D.R., Vero Beach, Fla.
Changes to IRS Form 941, Employer's Federal Quarterly Tax Return, will make it easier for businesses to report federal payroll tax deposits and income tax withholding.
Risk: Overlooking that decision can trigger compensation problems or IRS penalties.
Action: Take this ...
Risk: Courts could penalize your organization if it deletes e-mail messages that relate to a potential lawsuit.
Action: Alert IT to ...
Sherry Turner, Chicago, wanted to apply for a newly created position in her organization that combined three jobs and offered more management duties than her existing admin job did.
Benefit: Save HR time and cut your administrative costs.
Action: Look into the ...
its employees $5,000 toward the purchase of gas/electric hybrid vehicles, such as the Toyota Prius or Honda Insight. The 1,500-employee company budgeted ...