Learn how to use IRS Form 4562 to claim depreciation and amortization deductions for business property. Understand the criteria, asset types, and filing process.

Learn about business interest expense, its tax deductibility, and implications under current U.S. tax laws for businesses.

This article discusses the evolution of how R&D expense has been determined and whether the Trump Administration will save ...

Depreciation remains the biggest hidden expense of car ownership, costing drivers $21,670 over five years. Trump reveals what he wants for the world Princess Kate's friend says the future queen is ...

The AI boom has many people asking scary questions like, “Is this technology going to take my job, and if so, how soon?” Some accountants are asking their own frightening question: “Are tech companies ...

TurboTenant reports that the IRS will know about your rental income, and failing to report it can lead to serious penalties ...

The Income Tax Department will notify new ITR forms and related rules under the streamlined Income Tax Act, 2025, by January, according to Central Board of Direct Taxes (CBDT) chairman Ravi Agrawal.

YouTuber Cody Detwiler, better known as WhistlinDiesel, is speaking out again following his recent arrest on felony tax evasion charges — and this time, he’s offering a more pointed explanation. The ...

Depreciation expenses are skyrocketing even with the accounting moves. Alphabet, Microsoft and Meta combined for about $10 billion in depreciation costs in the final quarter of 2023. In the quarter ...

For wealthy Americans, business is taking off — literally. That’s thanks to a revived tax break from the first Trump administration, called bonus depreciation. Bonus depreciation lets businesses write ...

Amid persistently higher costs, three Philadelphia-area health systems have cut expenses over the last two years by changing how they account for investments in facilities and equipment. The change ...

Midway through a particularly tough farming season, Congress has delivered a win to farmers looking to buy new equipment this year. President Donald Trump’s One Big Beautiful Bill Act restores 100% ...