Tax Changes in 2018 That Will Impact You There have been a lot of rumors and speculations in the past year regarding potential tax changes. At the close of the tax year, it is hard to know what is fact…
Read MoreHow the New Tangible Property Regs Apply to Small Business
Is it a depreciable asset or not? The Internal Revenue code (IRC) states that you must capitalize all tangible property acquired, produced, or improved regardless of the size and price. So in theory, the IRC requires you to put the…
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