Wrinkles in the new Tax Law– The Tax Cuts and Jobs Act of 2017 have temporarily changed tax deduction rules to limit home equity borrowing to (a) home acquisition and improvement purposes and (b) the difference between $750,000 and the 1st lien mortgage outstanding. Therefore, it is import...
Taking rental losses From tax-deductible expenses such as repairs and maintenance to depreciation expenses, it is not uncommon for rental property owners to realize losses on their tax return from rental activity. These tax losses can be deductible by certain landlords depending on their income level...
Taxes will depend largely on the exact source of your passive income and your financial situation as a whole. Rental income, for example, is typically taxed at your marginal tax rate, but you may be able to deduct expenses related to managing the property — from maintenance and repairs to ...
N.J., Tuesday, Nov. 5, 2019. Residents of New Jersey's second-largest city will decide Tuesday whether its increasing popularity as an affordable short-term rental option across the river from New York City has reached the point where restrictions are needed to rein in some...
Whether exchanging a rental cottage at the shore, vacant land or a commercial warehouse, we stand ready to help you save tax dollars. Your tax savings is our business!!! Please sign our GuestBook SOME OF THIS WEEKS SCENARIOS, INQUIRIES AND POSTS ...
Second home, rental property, investment property, & business property. The rules for debt cancellation on second homes, rental property, and investment or business property can be extremely complicated. Given your cost of these properties, your financial condition, and the amount of debt cancelled,...
We reformed and refined the management of central government funding for scientific and technological research, increased the proportion of indirect expenses for research projects, and gave institutes more decision-making power over their research....
We will continue to implement the policy of granting an extra tax deduction of 75 percent on enterprises’ R&D costs, and we will raise this to 100 percent for manufacturing enterprises. By employing such mechanisms for preferential tax treatment, we can enc...
Prevention and treatment ofnew drug R & D enterprises enjoy the pre-tax deduction policy for corporate income tax R & D expenses. 适用“定期定额”征收的个体工商户生产经营受到影响的,税务机关结合实际情况合理调整定额或简化停业...