Section 199A of the Internal Revenue Code provides many owners of sole proprietorships, partnerships, S corporations and LLCs, as well as some trusts and estates, a deduction of up to 20% of income from a qualified trade or business, qualified real estate investment trust, and/or qualified publicly traded partnership. Businesses must be domestic or located […]
Boost Your Bottom Line with Section 179 Tax Deductions
Owners of construction companies have a variety of daily obstacles to overcome and goals to meet. They also regularly make major decisions regarding equipment and machinery investments. Such purchases can make or break a construction firm, so these decisions are not taken lightly. A taxpayer may elect to expense the cost of any section 179 […]
Homeownership Trends: A Millennial Perspective
Millennials buying homes at a slower pace Apartment List reported that the millennial homeownership rate stood at 45.5% in 2023. This is lower than the homeownership rate of baby boomers (74%), the Silent Generation (70%) and Generation X (65%). This isn’t surprising. You’d expect the homeownership rate of millennials to be lower than that of […]
What You Need To Know About An IRS Audit
First, make sure you really received an audit notification. The IRS will notify you by mail. The IRS does not notify taxpayers about audits by phone call or through email. If you do get an email saying you’ve been selected for an audit, it’s likely fraudulent. If you’ve determined that you’re definitely getting audited, your […]
Nonprofit Funding Secrets: Unlock Delaware Grant Money
Delaware offers a variety of grants specifically tailored for nonprofit organizations, providing valuable resources and support for their important work in the community. These present unique opportunities for nonprofits to secure funding for their projects and programs, but the grant application process can be competitive and requires careful planning and attention to detail. Before you […]