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Blog Author: Swati Jain

Stepped-up basis upon inheritance of assets – Will it stay or go away?

“Step up” in basis is a strategy that is used for avoiding capital gains taxes when an asset is passed on to the heirs upon death. The heirs receive a

Business Automobiles Tax Depreciation Rules

Do you use an automobile in your trade or business? Many people wonder how depreciation tax deductions are determined for these autos. The rules are complicated and oftentimes need special