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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.

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Perhaps someone in your family is contemplating the adoption of a child. It’s an expensive undertaking, but the adopting parents may qualify for some tax relief.

According to a new report from the Government Accountability Office (GAO), the IRS would do a better job if it had more money.
Q. Can you transfer funds from a Roth to a grandchild within the first five years?
A new streamlined form for nonprofit organizations is stirring up controversy.
Unless you’re a novice investor, you’re probably aware of the “wash sale” rule.  But you may not know all the ins and outs.
The IRS is easing up on rules requiring disclosure of U.S. taxpayer information by banks in foreign countries under the Foreign Account Tax Compliance Act.
Q. My mother moved out of the country. I support her, so can I still deduct her medical expenses?
The IRS has declined to appeal the decision striking down new regulatory requirements for professional tax return preparers.
Q. My son graduated from college in May. Can he deduct travel expenses to job interviews?
It’s not often you get a chance to pocket up to a half million dollars without paying a dime of federal income tax. But it could happen when you sell your principal residence.
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