Content tagged with "taxes"
Results: 2
Article
August 15, 2002
No substantiation, no deduction
Fabricators should keep records carefully to avoid disallowed deductions and the ever-escalating amounts that add up until that lack of records, documentation, or supporting information is eventually discovered. U.S. tax law requires every person—defined as a taxpayer, a sole proprietor, a... Read more...
Article
April 12, 2002
Getting the cash flowing
New federal tax incentives for the purchase of capital equipment could have a big impact on fabricators but apparently have not made much of an impression yet. The incentives were part of the Job Creation and Worker Assistance Act of 2002, which Congress passed and President Bush signed March... Read more...
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