The “Manufacturers’ Deduction” Isn’t Just for Manufacturers
The Section 199 deduction is intended to encourage domestic manufacturing. In fact, it’s often referred to as the “manufacturers’ deduction.” But this potentially valuable tax break can be used by many other types of businesses besides manufacturing companies. Sec. 199…
Read moreThe Investment Interest Expense Deduction
The investment interest expense deduction: Less beneficial than you might think Investment interest — interest on debt used to buy assets held for investment, such as margin debt used to buy securities — generally is deductible for both regular tax…
Read moreDeduction for State and Local Sales Tax Benefits Some, But Not All, Taxpayers
The break allowing taxpayers to take an itemized deduction for state and local sales taxes in lieu of state and local income taxes was made “permanent” a little over a year ago. This break can be valuable to those residing…
Read moreHelp Prevent Tax Identity Theft by Filing Early
Help prevent tax identity theft by filing early If you’re like many Americans, you might not start thinking about filing your tax return until close to this year’s April 18 deadline. You might even want to file for an extension…
Read more2017 Q1 Tax Calendar
2017 Q1 tax calendar: Key deadlines for businesses and other employers Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2017. Keep in mind that this list isn’t all-inclusive, so there…
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