Tax Changes for Business Higher expensing limit. Higher business mileage rate. You may have to file via electronic deposit. Electronic returns for large partnerships. Partnerships with more than 100 partners must file their returns electronically, effective for tax years ending on or after December 31, 2000.
More small businesses can pay employment taxes quarterly.
If certain conditions are met, an executor may elect to value qualified real property used for farming purposes or in a trade or business on the basis of the property s value for its actual use, rather than on its highest and best use.