When you finance equipment, you can deduct ... incurred by the business become regular deductions. How do I deduct equipment lease payments? Rent may be considered as a deduction if the contract is a ...

Form 8594 and Form 4797 should be attached to your final tax return in order to report the sale of your business assets. The Asset Acquisition Statement is a form that both the buyer and the seller ...

State and local taxes, or SALT, are itemized deductions capped at $10,000 per year. SALT includes amounts paid for personal property taxes, property taxes on real estate, sales tax, and state and ...