Bonus Depreciation for Taxes
Bonus depreciation is a tax incentive that allows businesses to depreciate a higher percentage of the cost of certain property in the year the property is placed in service. This…
What is a 1031 Exchange?
A 1031 exchange, also known as a "like-kind exchange," is a way for a taxpayer to defer paying taxes on the sale of an investment property by using the proceeds…
Filing of Income Tax Return in Lahore
Tax Care is a Tax Advisory Consultant Firm that provides affordable tax filing services. If your corporal affairs need extensive enlisting, the form filling seems like a hectic job with…
What’s New About the Home Office Deduction in 2022?
I started working from home due to the pandemic. Can I deduct my home office expenses? Unfortunately, the answer to that question is no. There is no tax deduction available…
Will New IRS Funding Mean More Audits?
Does this new funding mean your risk of an audit will go up this tax season? Let’s look at the facts. We’ll also review how you can help protect yourself…