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.
Should I worry about the IRS auditing me because I claim home-office deductions?
Paying estimated tax in regular installments can be a tricky proposition, especially for corporations. But now that the dust has settled for the 2005 tax year, you may have run the numbers and found that your company overpaid its estimated taxes.
Do I need to file a tax return for my infant daughter if we have money and mutual funds in her name?
Here’s the ultimate question for retirement-savers: Which type of plan is better— the traditional 401(k) plan or the new Roth 401(k) version?
Should we pay taxes on equipment purchased for a failed business?
Are you sitting on a potential small fortune in stocks or real estate? Or maybe you own a business interest that you’re planning to sell at a tidy sum. You’ll have to pay the tax piper one way or another through income tax, estate tax or gift tax … or some combination of all three.
Despite some huffing and puffing last year, Congress made no major changes in the federal estate-tax law. For now, the law remains the same, but it still includes important changes for 2006.
For the first time, U.S. businesses will be able to write off expenses
related to “qualified domestic production activities.” The so-called
“manufacturing deduction” (or Sect. 199 deduction) is available even to
many companies that wouldn’t normally consider themselves
“manufacturers,” maybe even yours.
Estimated-tax penalties are equivalent to the interest you'd pay on tax underpayments.