Small Business Tax Deduction Strategies
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. My father intended to change his will to leave more of his estate to his grandchildren. But he died before doing it. Can we automatically pass the money to them?
In the past, Small Business Tax Strategies has advised you about a tax technique for certain families. It may be used when aging parents live in a home that has appreciated in value, but they’re no longer reaping the full tax benefits of home ownership.
After weeks of negotiations, Congress passed, and the president signed into law, the $152 billion Economic Stimulus Act of 2008. The legislation’s centerpiece is a one-shot tax rebate for individuals, but there’s much more to the new law.
In a new decision, the U.S. Supreme Court court says that investment advisory fees paid by a trust are subject to the “2% floor” for miscellaneous expenses. This can drastically reduce the amount of the available deduction.