Source: http://thorgoodlaw.com/2017/05/
Timestamp: 2017-09-24 10:32:19
Document Index: 142683165

Matched Legal Cases: ['art 3', 'art 2', 'art 1', 'art 8', '§ 179', '§ 179', '§179', '§ 179', '§ 179', 'art 7']

May, 2017 | FREE Yourself from IRS Problems
This is a preview of History of The Income Tax In The U.S. Part 3: 2000-2008 . Read the full post (582 words, 1 image, estimated 2:20 mins reading time)
Posted in Income Tax | Tagged income tax | Leave a comment
As perhaps would be expected, taxes were not much a part of our nation’s early history. Then the high cost of the War of 1812 brought about a need for revenue at the federal level and the nation’s first sales taxes were implemented. Fifty years later, Abraham Lincoln enacted emergency measures to pay for Civil War. In 1954, the 875-page Internal Revenue Code of 1954 was formulated. It was perhaps the most monumental overhaul of the federal income tax system to date. In 1969, the Tax Reform Act contained major amendments to the 1954 Tax Code.
This is a preview of History of The Income Tax In The U.S. Part 2: 1980-1999 . Read the full post (486 words, 1 image, estimated 1:57 mins reading time)
This is a preview of History of The Income Tax In The U.S., Part 1: The First Two Hundred Years . Read the full post (405 words, 1 image, estimated 1:37 mins reading time)
Many provisions of the Internal Revenue Code are complicated. Proper interpretation of the rules and regulations contained in these provisions requires the assistance of an experienced and knowledgeable tax professional. This part of our series about the most confusing provisions of the Internal Revenue Code addresses the gone but not forgotten first-time homebuyer tax credit.
Different versions for different types of home buyers
Most credits have expired but their effect is long-lasting
This is a preview of Most Confusing Parts Of The Income Tax Code, Part 8: The First-Time Homebuyer Tax Credit . Read the full post (387 words, 1 image, estimated 1:33 mins reading time)
Posted in Home-Related Deductions | Tagged first-time homebuyer tax credit | Leave a comment
Pursuant to § 179 of the Tax code, businesses may deduct the full purchase price of qualifying equipment and/or software purchased or financed during the tax year. The “Protecting Americans from Tax Hikes Act of 2015” (PATH Act) expanded the Section 179 deduction limit to $500,000 and it will remain at this amount for 2017. Here’s § 179 at a glance for 2017.
This is a preview of §179 And Bonus Depreciation in 2017 . Read the full post (406 words, 1 image, estimated 1:37 mins reading time)
Posted in Bonus Depreciation, Depreciation | Tagged § 179 deduction, bonus depreciation, small business, tax incentive | Leave a comment
The Internal Revenue Code through Section 179 permits businesses to deduct the full purchase price of qualifying equipment and/or software purchased or financed during the tax year. Thus, if qualifying equipment is purchased or leased, the full purchase price may be deducted from gross income.
This is a preview of The § 179 Deduction Explained . Read the full post (408 words, 1 image, estimated 1:38 mins reading time)
This is a preview of Most Confusing Parts Of The Income Tax Code, Part 7: Green Tax Credits . Read the full post (463 words, 1 image, estimated 1:51 mins reading time)
Posted in Green Tax Credits, Investment-Related Deductions | Tagged energy tax credit, green tax credit, residential energy tax credit, solar investment tax credit | Leave a comment