Tax

Notably, you may use a loss to offset a short-term gain realized earlier in the year that would otherwise be taxed at a high ordinary income tax rate.

For the last five years, businesses have been able to use bonus depreciation to expense 100 percent of qualified property, including big-ticket purchases like business aircraft.

Generally, the IRS has three years from the later of the time your tax return was filed or its due date to review the return and assess tax. 

A provision in the Tax Cuts and Jobs Act (TCJA) changes how tax law treats research and development expenses ... pushing many money losing startups into owing taxes.