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The § 179 Deduction Explained

The Internal Revenue Code through Section 179 permits businesses to deduct the full purchase price of qualifying equipment and/or software purchased or financed during the tax year. Thus, if qualifying equipment is purchased or leased, the full purchase price may…

Shamsey Oloko April 21, 2017 Alternative Minimum Tax (AMT), Business Expenses, Child and Dependent Care Credit, Child Tax Credit, Depreciation, Donald J. Trump, Estate Tax, Interest Income 0

Trump’s Tax Plan Then And Now, Part 2

Every American taxpayer is waiting to see what specific tax plan Donald Trump will implement as President of the United States. The first part of this blog addressed the differences between Trump’s 2015 proposed tax plan and his current 2016…

Shamsey Oloko November 16, 2016 Depreciation, Leases, Tax Credit 0

Tax Treatment Of Lease Terms Part 2: Tenant Allowances

Tenant construction allowances are a common detail in commercial real estate leases. Because landlords need tenants to fill their commercial spaces, and tenants need to customize these spaces for their business, a tenant allowance is a vital lease term which…