The Most Overlooked Tax Deduction

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The Most Overlooked Tax Deduction

The IRS has provided real estate owners with a juicy tax deduction. The de minimis safe harbor election is an annual tax return election that permits a taxpayer to deduct, as ordinary and necessary business expenses, purchases of items that would normally have to be capitalized. Yet this advantageous election is often overlooked by taxpayers. This article will discuss the de minimis safe harbor election and its requirements.

Read More: http://www.cpapracticeadvisor.com/article/12372399/the-most-overlooked-tax-deduction-by-real-estate-owners

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