Could your manufacturing business qualify for the 100% bonus depreciation on new qualified production property?
real estate
Your Weekly Read
How small business owners can deduct real estate improvements
Recent tax law changes have significantly enhanced first-year depreciation tax breaks for real estate improvements
Understanding the “step-up in basis” when inheriting assets
Learn how the “step-up in basis” rule can help heirs avoid capital gains tax when they inherit certain assets.
The One Big Beautiful Bill includes favorable depreciation changes
Some of the biggest and best changes in the OBBB involve changes to the depreciation rules. Here’s how you can benefit.
What tax records can you safely shred? And which ones should you keep?
After filing, you may want to discard tax records. But don’t throw away documents you might need in the case of an IRS audit.
Can I itemize deductions on my tax return?
Not sure if you will itemize deductions in 2024? Here is how to know if you will itemize or take the standard deduction.
Can homeowners deduct seller-paid mortgage points?
When you buy a house, can you deduct seller-paid points on your tax return? Here are the rules.
Making the most of the home sale gain exclusion
Considering downsizing your home or moving? If so, be sure to check whether you’ll qualify for the tax-saving home sale gain exclusion.
Is your home office tax deductible? Here are the rules
While many people work from home, not everyone qualifies for home office deductions. Here are the rules for eligibility.
Understanding taxes on sales of real estate
The federal income tax rules for gains from the sale of business real estate or vacant land may be more complicated than you thought. Here’s a look at the issues.
Six tax issues to consider if you’re getting divorced
Getting a divorce can be an agonizing process. You don’t want to make it worse by making decisions that will cost you more in taxes. Here are six issues to consider if you’re getting a divorce.
Tax tips when buying the assets of a business
When buying a business, you may not focus on taxes. But the way the transaction is structured can lead to better or worse tax results after the acquisition.
Read something interesting? Want more information? Give us a call, and we will be happy to assist you in any way we can.
144 W 2nd St
Washington, NC 27889
Washington, NC 27889
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