tax

Forum discussion tagged with tax.
  1. Coal company says Senate tax plan 'wipes us out'

    Murray Energy supported Trump's attempt to prop up coal, but its CEO says the Senate tax plan would kill the company. And it would likely take down other coal companies, too. You have to like the irony: Trump's bid to preserve the coal industry is being undermined by his own party. I mean...
  2. C

    Tax, accounting, single mamber LLC and S corporation, car

    Hello, I just created my single member LLC (SMLLC) in Illinois. I read many articles about the pros and cons of electing the S corporation status for tax purposes. I am a software consultant and I do not write code, I only provide guidance and advise. My current contract may last anywhere from...
  3. tax question on setting rental property cost basis

    house was rented in march of 16. We lived in the house for about 2 years before that. I have to set the cost basis for the rental property and depreciation of the structure this tax season and want to get the highest possible value, so that when we sell and add the 500k exemption for living in...
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