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Tax Deductions

Depreciation Deduction

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Guest post by Accounting Today*: Business taxpayers who placed qualifying property in service during 2017 but haven’t claimed the new 100-percent depreciation deduction are running out of time to file the election with the IRS. Individuals and calendar-year corporations must...
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What Are Deductions

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Many times, when we read about deductions for a home business or a freelancer, we feel like we are reading directions to connect a dishwasher to our washing machine but with three different language translations. When an LLC chooses to...
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