Section 179 depreciation, a tax provision that currently allows taxpayers to write-off up to $500,000 for 2016 ($510,000 for 2017), has been around long enough that you may think you’re very familiar with the rules. Here’s a quiz to check your knowledge.
Each December, the IRS gets a holiday gift from the National Taxpayer Advocate in the form of a presentation to congress that sums up what’s working – and what’s not.
Like the ubiquitous Kilroy of World War II fame, tax law seems to be everywhere. Here are two examples of tax rules popping up where you might not expect them.
Given the year IRAs were introduced, you may have had access to these retirement accounts your entire working life. But how much do you really know about IRAs?
Given the confidentiality provisions of Internal Revenue Code Section 6103, do you know why the IRS was able to release the records of the investigation of Al Capone? When you’re researching a tax question, you may choose to stick with…