Extending Depreciation

Extending Depreciation

Since October is here, the US Supreme Court is back in session, Congress (as usual) enacts a temporary budget bill for the new fiscal year (which starts on October 1st), and most schools, colleges, and/or universities are in full swing,…

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A Mortgage Case

A Mortgage Case

As was discussed in the last posting was on the mortgage interest tax deduction, and what were the limitations, and also that one could claim more than one residence for the mortgage interest deduction. However, what happens if two individuals…

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The Road Tax

I’m sure we all have been on the highways throughout the country, and seen these heavy and/or “double-decker” trucks (blocking our viewpoint) and there is one thing that one may not realize (except maybe the owner of these trucks) is…

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A New California Credit

As the California Legislature wrapped the annual apportions and/or budget authority for the new fiscal year, starting on July 1st (of course enacted it timely), for the State of California, it enacted a new tax credit, which is California’s own version…

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