Many federal tax law dollar limits are subject to periodic inflation adjustments. However, due to low “official” inflation rates, many limitations remained unchanged for three years — an unprecedented stretch of no inflation adjustments. For 2012, however, several cost-of-living adjustments will go into effect. Here is a list of some important tax law...
Read MoreThere’s still time to take steps that will reduce your business’ 2011 federal tax bill. Soon-to-be-expiring tax breaks present attractive tax-planning opportunities, assuming your business has the requisite resources to make the investment. Heavy-SUV Tax Breaks If a business has a need for a large sport utility vehicle (SUV), potentially large tax breaks are...
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