The First-Time Home Buyers Tax Credit was introduced during the 2008 financial crisis to make home shopping more affordable for Americans. While there are many other mortgage and loan...
Purchases of new and used commercial vehicles are eligible for tax exemptions per the current tax law. Some vehicles may be eligible for higher deductions than others.The first year...
With many tax benefits available for education, it is evident that the government is interested in making higher education open and more accessible for many people. It can be...
The IRS issued depreciation limits for commercial passenger cars placed in service by taxpayers in 2020. The IRS also released annual income inclusion values for these vehicles first...
The Internal Revenue Code is configured to offer numerous tax reductions to individuals and businesses. Even the IRS recognizes that you have to save money to live and manage your...
Many companies do not earn money, especially during the first year of operation. When this happens, the IRS offers entrepreneurs tax benefits in the form of a net operating loss (NOL)....
Posted by David Macgregor on 02/27/2020
The American Opportunity Credit and the Lifetime Learning Credit are currently the two major education credits provided by the government to help students lessen the cost of higher...
Posted by Advanced Accounting & Tax Planning on 02/25/2020
There is a couple of helpful tips with which you can save money on business taxes. Even though this is not a guarantee that you will get a refund, it might qualify you for some reductions. When...
The IRS has announced the 2020 standard mileage rates for commercial, medical, and other users of a car and the 2020 vehicle values that limit the application of specific rules to...
Posted by YourIRSTaxAdvocate.com on 02/15/2020