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.
The IRS is showing some additional leniency to firms that have misclassified workers as independent contractors for employment tax purposes.
You can swap one real estate property for another without paying any current federal income tax, as long you meet the requirements under Section 1031 of the tax code. Similarly, you can use the same technique to swap one life insurance policy tax-free for a comparable policy under Section 1035. But do you know that this tax law provision may also apply to different types of financial products?
Pamela Anderson, the "Baywatch" actress who recently participated on "Dancing with the Stars," can’t seem to wiggle out of tax trouble.
Q. I have a Ford F-150 truck weighing more than 6,000 pounds and use it 100% of the time for business. Was the depreciation tax break for heavy vehicles like mine eliminated for 2012 as part of the fiscal cliff? S.C., via email
Thanks in part to the American Taxpayer Relief Act, certain business owners and real estate owners can continue to claim three generous deductions for 2012 on Form 4562, Depreciation and Amortization. The three breaks are as follows: