© 2014 by Butler-Davis Tax & Accounting, LLC

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March 30, 2015

People who inherit property are often concerned about the taxes they will owe on any gain from that property's sale. After all, the property may have been purchased years ago at a low cost by a decea...

March 26, 2015

Business owners – especially those operating small businesses – may be helped by a tax law allowing them to deduct up to $5,000 of the start-up expenses in the first year of the business’s operation....

March 25, 2015

April 1 - Last Day to Withdraw Required Minimum Distribution


Last day to withdraw 2014’s required minimum distribution from Traditional or SEP IRAs for taxpayers who turned 70½ in 2014. Failing to ma...

March 25, 2015

April 15 - Social Security, Medicare and Withheld Income Tax 

If the monthly deposit rule applies, deposit the tax for payments in March. 

April 15 - Corporations 

The first installment of 2015 es...

March 2, 2015

Whether or not the interest you pay on a loan to acquire a vehicle is deductible for tax purposes depends how the vehicle is being used (for business or personal purposes), the tax form on which the...

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Tax Break for Sales of Inherited Homes

March 30, 2015

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