Investment Expenses

IRS spotlights expanded tax benefits for depreciation and expensing

IRS spotlights expanded tax benefits for depreciation and expensing

The Internal Revenue Service is highlighting tax reform changes that impact depreciation and expensing for nearly every business. In some cases, these changes allow small business owners and the self-employed to write off the cost of machinery, equipment and other property more quickly.

Investors may no longer deduct investment expenses

Investors may no longer deduct investment expenses

Investors may no longer deduct investment expenses, including those passed through from an investment partnership. Restructuring these expenses into a management company might achieve business expense treatment providing it’s a genuine family office with substantial staff rendering financial services to extended family members and outside clients.