• LinkedIn
  • YouTube
  • Twitter
  • Facebook
  • Google+

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.

Page 33 of 318« First...102030...323334...405060...Last »
Of course, taxes aren’t everything, but some highly taxed U.S. citizens are relocating abroad.
It’s your company, after all, so you deserve the lion’s share of the retirement plan benefits. But it doesn’t always work out that way. Stringent anti-discrimination rules limit the amounts you can salt away in your own account even if you had to skimp in earlier years while you were building up the business. Strategy: Add an age-weighted component to a profit-sharing plan.
The tax law allows you to deduct job-related moving expenses as long as you meet this two-part test.
Q. I’m retiring later this year. Can I contribute to a Roth IRA in addition to my 401(k)? D.A., Baltimore
Q. I picked up $12,000 of my mother’s medical rehab expenses that weren’t covered by insurance. Can I deduct those? M.T.G., Van Nuys, Calif.
If you’re selling a prime piece of real estate, you can probably get top dollar in today’s market. But it may be worthwhile to structure the deal so you receive payments over several years.

The IRS recently issued its Winter 2015 Statistics of Income Bulletin. It contains a wealth of valuable tax return income information relating to partnerships and sole proprietors.

The maximum Section 179 deduction allowance of $500,000 expired at the end of 2014. For tax years beginning in 2015, the maximum deduction will be only $25,000 unless Congress takes action.
The IRS generates this letter when its computers stop a suspicious tax return in its tracks and the agency needs more information to process it accurately.
The IRS and the Free File Alliance will be in business together until 2020.
Page 33 of 318« First...102030...323334...405060...Last »