Although a vehicle’s value typically drops fairly rapidly, the tax rules limit the amount of annual depreciation that can be claimed on most
Nonqualified deferred compensation (NQDC) plans pay executives at some time in the future for services currently being performed. They differ from qualified plans,
Many tax breaks are reduced or eliminated for higher-income taxpayers. Two that you need to watch out for are the itemized deduction reduction
Generally, commercial buildings and improvements are depreciated over 39 years. This essentially means you can deduct a portion of the cost every year
Whether you’re selling your business or acquiring another company, the tax consequences can have a major impact on the transaction’s success or failure.
In addition to income tax, Social Security and Medicare taxes are collected on earned income, such as salary and self-employment income. The 12.4%
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