ITAT Mumbai held that fair valuation loss on principal-protected debentures linked to NIFTY Index is not a contingent liability. The loss was allowed as expenditure under Section ...

Discover how same-year tax deductions apply to capital expenditures, with insights into Section 179 deductions and the difference between CapEx and OpEx for tax purposes.

TurboTenant reports that the short-term rental tax loophole allows property owners to offset income with losses, reducing taxes significantly.

Renting out a home after a PCS move is one of the most common ways service members build wealth, but it also creates a new set of tax obligations that catch many military landlords off guard. With ...

For most taxpayers, moving expenses are no longer deductible on federal returns. The Tax Cuts and Jobs Act (TCJA) of 2017 suspended the moving expense deduction through 2025 except for active-duty ...

Owners often consider whether to borrow money to grow their business operations. A huge component of that decision is the deductibility of interest on the loans. Sec. 163(j) imposes a potentially ...

Recent legislative changes offer immediate R&D deductions, but strategic planning remains crucial for businesses navigating the evolving Section 174 landscape Immediate R&D deductions — The One Big ...

Forbes contributors publish independent expert analyses and insights. Nathan Goldman is a tax prof. at NC State Univ. Companies with significant R&D expenses celebrated on July 4, 2025, when President ...

EASTHAMPTON — Hogan Technology, a managed technology services provider, is encouraging business owners to take advantage of the 2025 IRS Section 179 tax deduction that allows companies to immediately ...

Few seasons pressure businesses quite like the end of the year. It's a time when many companies make a final push to meet annual goals and it's often filled with customer interactions and new work. On ...

The recently enacted H.R. 1, the so-called One Big Beautiful Bill Act (OBBBA), extends many of the provisions of the Tax Cuts and Jobs Act of 2017 (TCJA) that were due to sunset at the end of this ...