The Individual Tax Answer Book is designed as a one-stop resource for the tax professional who deals with individuals and their tax issues. Whether you are an accountant, lawyer or tax return preparer, whether you are preparing a client's 2008 return or helping your client plan for the 2009 tax year, this book will provide you with comprehensive and straight-forward answers to the most vexing tax questions that arise in connection with individual clients.An expense that adds to the value or useful life of property is considered a capital expense. [Reg. As1.263(a)-l)] ... While the cost of a business vehicle is a capital expense, repairs are generally currently deductible. However, amounts paid toanbsp;...
|Title||:||Individual Tax Answer Book|
|Author||:||Terence M. Myers, Dorinda D. DeScherer|
|Publisher||:||CCH - 2008-08-01|