743 plain-English guides on us tax, each one ending in what to do next.
Page 20 of 31, newest first.
Auto dealers can deduct floor plan financing interest without the IRC 163(j) interest cap, but relying on it can cost the dealership bonus depreciation.
US TaxBlue sky is the biggest number in a dealership buy-sell. Here is how goodwill, franchise rights, and covenants not to compete are allocated, amortized.
US TaxThe LIFO method lets auto dealers defer tax on rising vehicle prices by valuing inventory at older, lower costs, but the conformity rule ties it.
US TaxDealer groups operating across state lines face nexus rules, single-sales-factor apportionment, entity structure choices, and state PTET elections.
US TaxThe service department is the dealership's most consistent profit center, with warranty reimbursement, parts inventory, and labor rate accounting.
US TaxAncillary cannabis businesses are not subject to IRC 280E. Learn how consulting firms, equipment suppliers, landlords. Ancillary cannabis businesses.
US TaxCOGS is the only number that reduces a cannabis business's taxable income under 280E. The IRS requires cannabis businesses.
US TaxIRC 280E blocks most cannabis deductions, making entity selection (LLC, S-corp, or C-corp) a higher-stakes decision than usual.
US TaxCannabis businesses face elevated IRS audit risk from the combination of cash-intensive operations, 280E complexity, and limited banking access.
US TaxCannabis businesses can deduct payroll tied to production under 280E, but not general admin wages. The line between the two matters.
US TaxHow IRC 280E affects leasing vs. owning a cannabis facility, and why a separate real estate holding company can preserve deductions.
US TaxState tax treatment of cannabis businesses varies dramatically. Some states conform to IRC 280E and deny deductions at the state level, doubling the pain.
US TaxIRC 280E denies all ordinary business deductions for cannabis businesses trafficking in Schedule I substances. The only offset is cost of goods sold.
US TaxSurety bond premiums (bid, performance, and payment bonds) are deductible as ordinary business expenses under IRC 162. They.
US TaxA CPA's guide to the tax deductions available to construction contractors, from heavy equipment and Section 179 to subcontractor payments, insurance.
US TaxSole prop, LLC, S-Corp, or C-Corp? The right entity structure for a contractor affects liability exposure, self-employment tax, the QBI deduction.
US TaxExcavators, dump trucks, pickups over 6,000 lbs: how contractors write off heavy equipment using Section 179, 100% bonus depreciation.
US TaxWhich accounting method a construction company must (or can) use on its tax return depends on contract length, gross receipts, and contract type.
US TaxConstruction contractors who work across state lines face nexus triggers, income tax apportionment, multistate payroll taxes, and nonresident withholding.
US TaxThe percentage of completion method under IRC 460 determines when construction contractors recognize revenue on long-term contracts.
US TaxRetainage (the 5-10% holdback on each progress payment) creates accounting complexity, tax timing questions, and real cash flow pressure.
US TaxConstruction company owners can defer $70,000 or more per year through a Solo 401(k), SEP, or defined benefit plan. Comparison inside.
US TaxThe IRS common-law test, Section 530 safe harbor, IRC 3509 penalties. The IRS uses a three-factor common-law test (behavioral control, financial control.
US TaxCost-reimbursement contracts (CPFF, CPIF, CPAF) require full cost disclosure, an annual incurred cost submission, and expose every indirect rate to audit.