TITLE

4 Common Tax Mistakes Contractors Make

AUTHOR(S)
BOTTA, VINCENZO
PUB. DATE
July 2015
SOURCE
Professional Contractor;Summer2015, p14
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses four tax mistakes that U.S. contractors commonly make. It includes the failure to depreciate new equipment correctly which could be an opportunity to decrease taxable income, the lack of awareness of the existence of fuel tax credits which offer substantial tax savings, and overlooking domestic production activity deduction (DPAD) which can help decrease taxable income.
ACCESSION #
109101467

 

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