Individual

IRS Proposes Regulations to Reduce Tax Incentives on Food and Beverage Manufacturers

Every business in the Food and Beverage Industry, large and small, should consider the effectiveness of the manufacturing deduction (also known as Section 199 deduction) as part of its business plan in 2016. The tax incentive represents an incredibly valuable benefit for businesses that perform manufacturing and other production activities. While the computations behind the…

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Businesses Can Lower Domain Name Acquisition Costs Via Amortization

The IRS recently concluded that certain domain names have to be capitalized as intangible assets and amortized over a 15-year period under Section 197 of the Internal Revenue Code. This means that a business that acquires qualifying internet domain names will be able to realize financial benefits by recapturing 100% of the purchase price through…

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