Tax

Plain answers to Tax questions, with every citation independently ruled by the Kingsfield judge against the primary-law corpus.

• What business expenses are deductible under Section 162?26 USC 162(a)
• How does Section 1061 tax carried interest?26 USC 1061(a)
• Can a business immediately expense the cost of equipment under Section 179?26 USC 179(a)
• What substantiation is required to deduct a charitable contribution of $250 or more?26 USC 170(f)(8)