The IRS has announced initial plans for processing tax returns involving the Earned Income Tax Credit (EITC) and Additional …
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2016 Newsletter
When the actual expense method is used for deducting the business use of a vehicle, the cost of the vehicle is depreciated under MACRS using a 5-year recovery…
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If an employer provides an employee with a company-owned vehicle, and the employee uses the vehicle for personal
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In 1997, the taxpayers constructed a single-family house in an attempt to sell it for a profit. In 2002, they ceased their sales …
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