Understanding the Value of Next-Gen Cost Segregation Studies
Cost segregation studies involve identifying personal property assets with shorter tax depreciation lives (i.e. 5 or 7 years) that have been grouped...
Cost segregation studies involve identifying personal property assets with shorter tax depreciation lives (i.e. 5 or 7 years) that have been grouped...
According to the IRS, a 2-percent shareholder in an S corporation may be eligible for a deduction against Adjusted Gross income (AGI)...
An employee must include personal use of an employer-provided automobile in gross income. If not reimbursed by the employee, the personal use...
Statutory requirements require taxpayers to provide specific detailed information to substantiate expenses for the following: Travel expenses (including meals and lodging while...
On December 19th, President Obama signed into law HR 5771, the "Tax Increase Prevention Act of 2014" (TIPA). The bill generally provides...
As you know, unfavorable depreciation rules apply to most passenger autos and light trucks used in business. For a vehicle acquired in...