Home

Latest Discussions

  • Posted in: All Member Forum

    Here's a thought.  Don't forget about good 'ole Section 179.  A rather underused provision in today's tax environment. The Section 179 deduction would be allowed to offset any taxable income in the final C corp year.  The excess unused Section 179 carryover ...

  • Posted in: All Member Forum

    It is my understanding that because the home equity debt on the principal residence was not used to buy, build or improve the home borrowed against , interest attributable to the equity is not deductible. Based on what I have seen, equity debt is no ...

  • Posted in: All Member Forum

    I just looked at this earlier this week and it was written to say that anyone who was alive on 1/1/21 gets the credit so I don't think that's correct. I just filed a return taking where the woman got her EIP and the executor sent it back. IRS website ...

Most Active Members