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Additional First Year Depreciation Deduction Bonus FAQ Internal Revenue Service

Your realized gain from the involuntary conversion was $51,600 ($90,000 − $38,400). You chose to postpone reporting the gain under the involuntary conversion rules. Under the rules for depreciation...

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Your 990 Made Simple: 5 Tips for Nonprofit Tax Filing

A committee, generally established by the governing body of an organization, with the responsibilities to oversee the organization’s financial reporting process, monitor choice of accounting policies and principles, monitor...

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How Dividends Affect Stockholder Equity

An increase in owner’s equity resulting from the operation of a business is called revenue. When cash is received from a sale, the total amount of assets and owner’s...

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