tax

Tax Credits to Take Advantage Next Tax Season

If you are deciding whether or not to invest in a vehicle for your business, you should consider the tax implications. New Qualified Plug-in Electric Credit U.S. Code § 30D allows for a tax credit for plug-in electric vehicles drawing propulsion energy from a battery with five kilowatt hours or more of capacity. The credit [...]

How the Tax Cuts and Jobs Act Could Affect Not-For-Profit Organizations

Not-for-profit organizations may not be the first thing that comes to mind when reviewing the provisions of the Tax Cuts and Jobs Act of 2017. However, this major tax reform significantly changes how taxes are assessed for corporations, pass-through entities, and individuals. These entities are a core component of a not-for-profit organization’s donor base, and [...]

Weighing the Pros and Cons Of Holding Foreign Real Estate – It’s Not For Everybody

If you have ever thought of owning foreign real estate, but have doubts of its merits, this post is going to outline some of the primary benefits that ownership of offshore real estate entails. It will also shed some light on the common pitfalls that Americans may encounter when acquiring offshore real estate. Whether foreign [...]

Taxing System

After just finishing my Nth (too many to count) tax season, its time to sit back and hear the predictable chorus of how unfair our taxing regime is and how it punishes successful people and the middle class while rewarding the wealthy. In fact, a recent study of International tax systems by German economists rated [...]

By |2014-04-23T15:44:47-07:00April 23rd, 2014|tax, tax breaks for the wealthy, Tax system|0 Comments

IRS Issues Final ‘Expense vs. Capitalization’ Regs

The Internal Revenue Service has issued final regulations (T.D.9636) on deduction and capitalization of expenditures related to tangible property. The final regulations include rules for determining whether costs related to tangible property are deductible repairs or capital improvements.  Changes made: The final regulations adopt the temporary regulations issued in 2011 (T.D. 9564), with a number [...]

By |2014-02-20T19:13:35-08:00February 20th, 2014|expense vs. capitaltization, t.d. 9636, tax|0 Comments
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