Pre-tax IRAs, while beneficial for retirement savings, present unique challenges for heirs due to the '10-year rule.' This ...

HAUPPAUGE, N.Y., March 13, 2025 (GLOBE NEWSWIRE) -- Orbit International Corp. (OTC PINK:ORBT) today announced results for the fourth quarter and the year ended December 31, 2024. Net sales were $8,708 ...

Section 1250 of the U.S. tax code applies to gains from the sale of depreciated business real estate. If a property was ...

The Minnesota Supreme Court Feb. 26 dismissed a writ of certiorari in a tax case between Hennepin County and a limited liability company. The Court held that: 1) under Beuning Family LP v. County of ...

These disasters have negative impacts on many people and communities. A tax deferral isn’t at the top of anyone’s mind during a natural disaster. Everyone’s safety and knowing how you’ll bounce back ...

commonly called “straight-line” depreciation, is roughly an evenly paced three-year deduction that’s spread over four tax years: year one, 17% of the cost of the truck; years two and three ...

In this episode of Tax Tips, Jeffrey Levine of Buckingham ... business owner decide whether and when to use a Section 179 depreciation deduction? What is a Section 179 deduction?

While you attempt to make every penny count with your personal finances, you should do the same with your taxes. That’s why you should employ every rule in the book to save money on your tax bill.

Thanks to the Section 179 deduction, you might not have to wait around to depreciate your business’s assets. Many, or all, of the products featured on this page are from our advertising partners ...

Many taxpayers qualify for capital gains tax deferral under Section 1031. This includes individuals, C corporations, S corporations, partnerships, limited liability companies (LLCs), and trusts ...

Investopedia / Jessica Olah Depreciation recapture comes from a straightforward principle: if you claimed tax deductions for an asset based on depreciation, but later sold it for more than its ...