Business Tax Update

Business Tax Update

Below please find a corporate tax article prepared by Sal Schibell, which was recently published in various trade magazines. In this piece, Mr. Schibell reviewed some of the more important tax changes that President Donald Trump has proposed and he expanded upon...
The New Internal Revenue Repair Regulations

The New Internal Revenue Repair Regulations

Effective January 1, 2014 the IRS issued final regulations that completely revamped the way a business must evaluate certain expenditures… in order to determine whether the costs represent immediately deductible repair expenses or capital improvements that must...