You may benefit from the Section 179 depreciation tax deduction for business property if your business needs to buy equipment and other depreciable property.
The CARES Act eases the rules for claiming certain tax losses and liberalizes rules for NOL carryforwards. Here’s a look at the modifications.
You may be able to benefit by carrying a net operating loss (NOL) into a different year — a year in which you have taxable income — and taking a deduction for it against that …
It’s an easy decision to set a website up and maintain it. But determining the proper tax treatment for the costs involved isn’t so easy.