How Do The Tax Depreciation Rules Work For Business Automobiles?
If you use an automobile in your trade or business, you may question how depreciation tax deductions are determined. It can be a bit tricky to determine because the rules
If you use an automobile in your trade or business, you may question how depreciation tax deductions are determined. It can be a bit tricky to determine because the rules
Many in the U.S. either own a vacation home or aspire to someday. If you do own a second home and it’s in a desirable location on a waterfront, in
Have you ever wondered how IRS examiners acquire knowledge about different industries to then conduct audits on various types of businesses? Typically, examiners will conduct extensive research into specific industries
Many Americans have experienced the devastating impact of wildfires, severe storms, floods, tornadoes, and various other calamities this year. But regardless of your geographical location, unforeseen disasters can cause damage
If you were to read the Internal Revenue Code, you’d likely be surprised to find that most business deductions aren’t specifically listed. For instance, the tax law doesn’t explicitly state
If you gamble or purchase lottery tickets and win, congratulations! However, it’s important to keep in mind that your good fortune comes with related tax implications once the celebrations are
Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2023. Keep in mind that this list isn’t all-inclusive, so there may
As healthcare expenses continue to rise, an increasing number of individuals search for a more economical method to cover these costs. For those who qualify, a Health Savings Account (HSA)
For many industries, merger and acquisition (M&A) activity has been strong in recent years. If your organization is considering a merger or acquisition of another organization, understanding how the transaction
If you operate a profitable unincorporated small business with your spouse, you face some challenging tax issues. The Partnership Tax Issues An unincorporated business with your spouse is classified as