Opinions and News About Taxes Prepared and Selected by GP CPA Tax Experts
Drive Time Increases Odds of Deducting Rental Property Losses
Your rental properties provide tax shelter when you can deduct your losses against your other income. One step to deducting the losses is to pass the tax code’s 750-hour test. And one step to finding the hours you need to pass the time test may be your drive times.
A guide to tax savings with S-corporations
An S-corporation is a federal tax election and can be formed from a regular company (a C-corp) OR an LLC.
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Test Your Knowledge About NC Sales Tax in Automotive, Retail and HVCA.
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