History of the Bonus Depreciation LawUnder the previous law regarding bonus depreciation, a specified percentage of the cost related to acquiring a qualifying asset used to be deducted....
Posted by Foudy CPA Group,PC on 03/15/2018
Owning a house or a building can bring you a lot of benefits regarding the real estate tax laws. When you live in a house which you own in more than five years then you get exempted...
Posted by Esther N. Phahla, CPA, A Professional Corporation on 03/08/2018
Tax resolution is the process of developing and implementing a solution to solve a taxpayer’s IRS problem. A taxpayer owes the IRS or the State money and in here, the Internal...
Posted by Duce Taxes & Accounting on 03/05/2018
Taxes are the lifeblood of the government. It is a levy which placed on the profit of an institution to raise funds. It is also considered as a legal obligation to the government,...
Posted by Esther N. Phahla, CPA, A Professional Corporation on 02/19/2018
With an all new federal tax bill on the horizon, you may be one of the millions of people wondering how it is going to affect your tax bracket, standard deduction and itemized deductions....
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 02/14/2018
You would already know that purchasing real estate as an investment could be more secure. The reason is quite simple. It is seen that the super-rich class often buy the luxury real...
Posted by The Accounting and Tax on 02/13/2018
If you already found the right Tax Preparer to do the job for you, you probably don’t need to worry on whether to itemize your tax deductions or to do a standard one. But it...
Posted by Omni Fidelity Associates on 02/12/2018
Perhaps one of the biggest misconceptions about the capital gains taxes on real estate is that the passing of the Tax Cuts and Jobs Act in late 2017 means that major changes are coming....
Posted by Lone Star Tax Group on 02/12/2018
January 2018Tax Reform Provides New 20% DeductionThe new 2018 Section 199A tax deduction that you can claim on your IRS Form 1040 is a big deal. There are many rules (all new, of course),...
Posted by Riesenbeck Financial Group Inc. on 01/20/2018
