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.
A new bill, entitled the Personal Health Investment Today Act, would change the definition of “medical care” to allow a deduction of up to $1,000 ($2,000 for joint filers) for qualified sports and fitness expenses.
Although you might have just put your 2014 tax return to bed, you could get a wake-up call: uncovering an error that cost you hundreds or even thousands of tax dollars. Strategy: File an amended return with Uncle Sam.
A Section 529 plan allows parents to set aside funds for a child’s college education on a tax-free basis. But it’s not without its perils.
A spotlight on recent developments at the IRS and elsewhere.
If your teenage child needs a job for the summer, the perfect solution might be right in front of you.
According to a preliminary report by the Treasury Inspector General of Tax Administration, callers to the IRS toll-free hotline through March 7, 2015, were unsuccessful 38.5% of the time.
Suppose your home is burglarized while you’re away. Of course, you have to promptly notify the local authorities and your insurance company. But is that the end of the matter? Not as far as taxes are concerned.
The tax law enacted late in 2014—the Tax Increase Prevention Act of 2014—gives away tax breaks with one hand and takes them away with the other.
Q. I’m helping a nonprofit build a structure, and I’m paying some of the cost. Is this deductible? C.B., Santa Fe, N.M.
A new tax law tacked onto the Tax Increase Prevention Act of 2014 is designed to provide new tax benefits to disabled individuals.