1099-C & Insolvency
1099-C Form 1099-C (Cancellation of Debt) is used to declare amounts of $600 or more that is forgiven or canceled by […]
Guides
Guides
Section 179 Deduction FAQ
What is it? Section 179 of the U.S. internal revenue code is an immediate expense deduction that business owners can take for purchases of depreciable business
Resources
Rental Activity Material Participation Test
Claiming rental losses can be very beneficial as it will decrease your Adjusted Gross Income (AGI), thereby decreasing your taxes.