Complete Guide to Form 1120: US Corporation Income Tax Return Filing and Instructions
See section 263A(d), Regulations section 1.263A-4, and Pub. 225 for rules for property produced in a farming business. The corporation cannot deduct the costs required to be capitalized under section 263A until it sells, uses, or otherwise disposes of the property (to which the costs relate). Generally, an accrual basis taxpayer can only deduct business […]
How to Make a Construction Invoice: A Complete Guide
These documents provide detailed records that communicate the scope, duration, and cost of the construction work completed. Beyond triggering the payment process, construction invoices support financial tracking and can even resolve disputes by providing a clear account of the services rendered. Creating a construction invoice requires attention to detail and understanding the project and agreement […]