Category

IRS Tax

IRS Tax

Changes To Farmers Depreciation Deduction

Changes To Farmers Depreciation Deduction Depreciation is an annual income tax deduction. It allows a taxpayer to recover the cost or other basis of certain property over the time that they use it. When figuring depreciation, taxpayers consider wear and tear, and deterioration of the property, as well as whether…
IRS Tax

Qualified Business Income Tax Deduction

Qualified Business Income Tax Deduction Eligible taxpayers may now deduct up to 20 percent of certain business income from domestic businesses operated as sole proprietorships or through partnerships, S corporations, trusts, and estates.  The deduction may also be claimed on certain dividends.  Eligible taxpayers can claim the deduction for the…
IRS Tax

Real Estate rehabilitation IRS tax credit

Real Estate rehabilitation IRS tax credit The rehabilitation tax credit offers an incentive for owners to renovate and restore old or historic buildings. Tax reform legislation passed in December 2017 changed when the credit is claimed and provides a transition rule: The credit is 20 percent of the taxpayer’s qualifying…
IRS Tax

Tax Accountant Penalty Defense Attorney

Tax Accountant Penalty Defense Attorney If you are a CPA and/or tax accountant, then, you have certain obligations to meet with the IRS when it comes to preparing tax returns for your clients. The most common penalties are broken down below. Call our office to discuss your options whether you…
IRS Tax

IRS Tax Attorney Gainesville GA

IRS Tax Attorney Gainesville GA Gainesville, GA, tax audit attorney Mansoor Ansari, has experience counseling clients from all walks of life, all income levels and nearly every profession. Nearly anyone with an income or assets can be targeted for a tax audit. Gainesville tax audit attorney Mansoor Ansari can protect your…