Business Tax

Your company doesn't have to settle for depreciating business equipment over several years. With a special tax election, you can get a hefty deduction immediately on your tax return for computers, telephone systems and other expensive equipment. Here's a rundown of the rules.
Copyright © 2008

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  Personal Tax

The longer you can shelter money in a qualified retirement plan from taxes, the larger the account can grow. But if you inherit money from a qualified plan owned by someone other than your spouse, you may receive a taxable distribution that ends the shelter. Fortunately, a law passed in 2006 provides some new options for non-spouse beneficiaries that allow them to defer paying taxes on large inherited distributions. Take a look at the rules and who can benefit.
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