Menu

IRS Archive

Approving Presents from the Internal Revenue Service: Honest Factors To Consider (Component One)

TweetShareSharePin0 SharesFor questions on this and other tax issues please visit ETS @ Executive Tax Solution Formerly, I blogged about the unusual instance of Owner v. C.I.R (here). As a refresher course, the Householders attempted to take around half-a-million bucks in rubbish reductions for their steed breeding/leasing “company,” as well as the Tax obligation Court

IRS postpones April 15 deadline

TweetShareSharePin0 Shares The IRS announced on Wednesday that it is postponing the deadline for all individual tax returns. Returns otherwise due April 15 will not have to be filed until May 17 this year. The IRS says it will issue formal guidance in the near future. The postponement applies only to individual taxpayers, who can

Inventory Valuation | LIFO vs FIFO vs Weighted Average Cost

TweetShareSharePin0 Shares As with capital investment, businesses cannot immediately deduct the full cost of inventory purchases against taxable income. Instead, the cost of inventories is deducted when sold. The deduction amount depends on the inventory valuation method. Today’s map shows which of the three main inventory valuation methods European OECD countries require their businesses to
You cannot copy content of this page
Social Media Auto Publish Powered By : XYZScripts.com