Tax Articles

These Tax articles will give you the news and information you need to stay up to date in the ever changing Tax industry.

July 25, 2013 – 5,723 views
Ms. Greta P. Hicks - Greta P Hicks CPA
Yes, the limitations from year to year and different but the basic principles of business use, depreciation method, and vehicles exempt from limitations remain the same... Full Story 
July 19, 2013 – 1,738 views
Tax Professionals' Resource
501(c)(3) organizations are American tax exempt nonprofit organizations that are exempted from certain federal income taxes under the United States Internal Revenue Code. The exemptions apply to those organizations which are being operated for religious... Full Story 
July 19, 2013 – 1,837 views
Tax Professionals' Resource
Any individual or company owning a structure that is used for business or as a source of rent is eligible for cost segregation. Cost segregation reduces real estate property tax and also reduces income tax. The goal of cost segregation is to identify construction costs or individual components that depreciate over 5, 7, and 15 years... Full Story 
July 17, 2013 – 21,425 views
Ms. Greta P. Hicks - Greta P Hicks CPA
Meals which are employee fringe benefits are not subject to the 50% meals limitation but are 100% deductible. Article includes a lengthy list of 100% deductible meals... Full Story 
July 16, 2013 – 1,716 views
Tax Professionals' Resource
Technology has certainly changed how nonprofits are operating today. The emergence of new media facilitated by the ever growing reach of the internet has made many a nonprofit endeavor successful. The use of technology in all likelihood will increase manifold in this sector in the times to come... Full Story 
July 15, 2013 – 1,860 views
Tax Professionals' Resource
Everyone is entitled to pay a large amount of tax on gifts such as property or money that exceeds a certain limit. If this gift tax was not present, people would be able to pass on their property in their wills and there would be no death tax at all. This gift tax acts like a backup to the final estate tax that needs to be paid... Full Story 
July 11, 2013 – 1,935 views
Tax Professionals' Resource
Telecommuting basically means working from home, or freelancing. An organization hires you, and you may opt to stay in the comfort of your house and use telephones, a fax machine, or emails through which you submit your work. Many people opt for the same due to various reasons, like having a child to take care of... Full Story 
July 10, 2013 – 1,882 views
Tax Professionals' Resource
Swiping a credit card at a store might be the easiest thing to do, but it has its own problems. A credit card is a luxury that comes at its own special price. Every time you swipe a credit card, a little amount gets deducted from your account and adds up to your processing fee bill. This might be a small amount for that particular transaction, but when it adds up, it is a formidable expense. There are a few ways in which you can try and minimize your credit card fees. Here are a few suggestions... Full Story