Page 35 - Write Off News Today

Tax loopholes which ultimately save them money when they deal with the irs. i think its unfair because anytime theyre criminally negligent and youre devastating our environment, especially our ocean life, why should you benefit and not have to pay your fair share in taxes? >> this whole thing, its amazing to think if this whole oil disaster, cleanup money theyre putting toward it is a huge write-off for this company. we know bp stock has taken a hit. people might think, i dont have anything, i d...

Write off all of those costs, the insurance, the real estate taxes, the repairs, the maintenance, all of that stuff, plus you good eat the deappreciate the cost of the building. so, the government will give you a number and you divide that lifetime of the building and each year you get to take off a percentage of that on your income taxes. my personal feeling is you need to make money for a write-off to count. my favorite reason to own instead is its a great investment especially for entrepreneu...

Founded it, who actually talks about how the web was at the core of how this whole thing began. take a look at that. >> i started ranting on my facebook page about frustration i felt. it made it seem like the tea party was representative of america. i completely disagree with this. and i started, you know, writing comments about it on my facebook page. and then there was a flurry of instant feedback from other people who agreed with me and similarly felt pent up and frustrated. >> when you look ...

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The united states. i think it is about manufacturing jobs. if you look at presidents trumps over all again darenda, working. >> the president went to mar-a-lago and told people the tax bill, quote, you all just got a lot richer. is that your populism? >> i think populism, when you look at president trump, is about his entire program. this tax cut was focussed on industrial tax cut. it was to make the manufacturing side of this country stronger. we had the 100%, you know, write-off of capital exp...

That expense now. now, theres a second piece to this. meals, and food in the office. is still a write-off. it used to be 100%, though. you know, doughnuts on friday. the cafeteria, the -- >> which a lot of modern companies are trying to do because its a benefit for their employees to get to hang out with each other, talk with each other. >> yeah, yeah. its a good one. >> now its 50%. so that all used to be 100%. now its 50%. >> we used to get lunch and now were going to be getting doughnuts. >> ...

Going to do that for me now. >> what is vegas going to do? this is a big deal. so entertainment expense is gone. so business owners need to anticipate this. think about the year, what is my budget going to be for this type of stuff? do i need to rein in the corporate spending accounts for certain stuff. >> and this includes everything, so yes, the sporting events, whatever the shows, but also im taking you for dinner? >> yes, now that brings in meals. because technically, meals were part of this...

Bogged down in years worth of bureaucracy and eventually he will probably get off scot-free. we saw this with the irs scandal and lois learner who admitted that she was, you know, inappropriately targeting conservatives and yet she was able to retire early on paid leave and take her full pension and write off. he has already made the decision to leave. im not so sure -- i think sessions has to make the decision whether its worth it for the appeal process to go through. unfortunately that means t...

>> at a certain point. okay, then lets talk about the things that have disappeared. so entertainment expenses. tell me where they were and now where they are. >> i feel like debbie downer today because it is so frustrating. this entertainment expense is taking people out. thats an important part of business. you know, talk business over some golf, a spa, a theater, a show, something like that. baseball game. no longer a write-off. at all. entertainment expense is gone. some argue its going to ha...

Corporations like amazon to come here so they can employ people to people working there so they will pay taxes and they will buy stuff. be delete arguably a socialista democratic governors push taxes to such a limit they are so prohibitive, they are so high that middle income can never get in places. they know it is going to be a write off and hopefully it will be. >> marsha: there is another component of this and it is also sales tax. that is in that state and local tax deduction. yes, it is st...