Tax Tips – Can you deduct an expense if someone else pays it? – Borrowing against a life insurance policy – Going green with less green
$225.00
Description
Abstract: This issue’s “Tax Tips” answers whether an expense is deductible if someone else pays it, explains the tax consequences of not paying back a loan against an insurance policy, and describes a recent IRS Revenue Procedure that makes it easier and cheaper for commercial building owners to claim tax deductions for energy-efficient improvements placed in service in previous years.
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