October 3, 2016

What Tax Consequences will I Face When My Property Was Previously Depreciated and then Transferred Incident to a Divorce?

IRC Reg. § 1.1041-1T(d) and Q& A-13, dictate potential surprising hidden negative tax consequences where a property has been previously depreciated under IRC § 179 and […]
March 21, 2013

What is tangible personal property?

“Tangible personal property” means personal property which may be seen, weighed, measured, felt, or touched, or which is in any other manner knowable to the senses. […]