Topics: Depreciation & Section 179
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Nursing Home Interest Deduction: Treasury’s 163(j) Rule
Treasury’s Section 163(j) rules grant nursing homes a special interest deduction carve-out. Learn how the Propco-Opco election works.
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Business Interest Expense Limitation: What Owners Must Know
The business interest expense limitation under Section 163(j) caps deductions at 30% of adjusted taxable income. Here is how it works and who qualifies…
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Excess Business Loss Limitation
The excess business loss limitation caps deductible business losses at $313,000 (single) or $626,000 (joint) for 2025. Learn how the rule works, how carryforwards…
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Bonus Depreciation Rules: What Changed Under the TCJA
Learn how bonus depreciation rules changed under the Tax Cuts and Jobs Act, including Section 179 limits, the phase out schedule, and how the…
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Accounting Estimates: How to Get Them Right Before Audit
Accounting estimates drive key financial statement figures. Learn common examples, how auditors evaluate them, and how to prepare for audit season.
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Charitable Donation Tax Deduction by Gift Type
Learn how charitable donation tax deduction rules differ by gift type: cash, stock, property, and services, and how to maximize your tax savings.
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Mileage Tax Deduction: How to Deduct Every Mile You’re
Learn how to claim your mileage tax deduction using the IRS standard mileage rate for business, medical, and charitable driving.
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Interim Financial Statements
Interim financial statements give stakeholders quarterly or monthly visibility into business performance, catching problems that annual financial reporting misses.
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Audit Readiness: How to Prepare Your Business for a Smooth
Achieve audit readiness by organizing documents, reviewing past adjustments, and anticipating your CPA’s requests so fieldwork runs on schedule.
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Asset Sale vs Stock Sale
Asset sale vs stock sale in M&A depends on whether your business is a C corp or S corp. Learn how entity type affects…