Property Improvements Under the New Tax Law
Qualified improvement property is any improvement to the interior portion of a building that is nonresidential real property (think office [...]
Deducting Medicare Reimbursements to Your Employees
The Affordable Care Act’s $100-a-day penalty for improper medical reimbursements likely has your attention. And it should. But you can [...]
Tax Deduction for Classic or Antique Car Used for Business
How does the tax law treat the classic or antique car when you use it for business? Can you deduct [...]
Can You Deduct Home Office Expense If You Didn’t Earn Any Income?
If you have no taxable income, should you claim the home-office tax deduction? Answer: yes. Even with no taxable income, [...]
Does Your Rental Income Qualify for the New 199A Credit?
The Tax Cuts and Jobs Act tax reform added new tax code Section 199A, which created a 20 percent tax [...]
What Should You Do If Your K-1 Does Not Include The Qualified Business Deduction?
Tax reform’s Section 199A deduction often confuses small-business owners and tax professionals alike. It’s quite possible you’ll get a Schedule [...]
How the New Tax Laws Affect Loaning Your Company Money
Making loans to your corporation became more hazardous 33 years ago with the Tax Reform Act of 1986. But the new [...]