Learn how Section 1250 impacts taxes on gains from depreciated real estate sales, including rules, examples, and key ...

What Is IRS Section 1245? IRS Section 1245 is a tax code provision that governs the depreciation recapture process for certain property types.

Using a QSB can eliminate capital gains tax due on the future business sale if the company is established and stock issued pursuant to Internal Revenue Code Section 1202.

Section 1256 contracts include certain regulated futures contracts, foreign currency contracts and non-equity options. These contracts receive a unique tax treatment under the IRS code and are ...

Internal Revenue Code Section 181 permits a 100% deduction for the first $15 million of the cost of producing a film that is shot in the U.S. (even before the film is released). While it sounds ...

This is due to Internal Revenue Code, section 121, which protects most Americans from paying taxes on the gains on the sale of their home. Essentially, section 121 allows single taxpayers to ...