Resources & Links

For your convenience, DMJ provides an up-to-date library of insights, tools, resources, and special announcements related to all your tax and accounting needs. 

Resources & Links

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Tax Watch

Code Section 179 Expense Election

Generally, the cost of property placed in service in a trade or business can't be deducted in the year it's placed in service if the property will be useful beyond the year. Instead, the cost is "capitalized" and depreciation deductions are allowed for most property...

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PCOR Fee Applies to Certain Health Plans

Under Obamacare (The Patient Protection and Affordable Care Act of 2010, a.k.a the “ACA”) a PCOR fee is applied to certain health plans. PCOR stands for “Patient-Centered Outcomes Research.”

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The Tax Benefits of Junior Family Members on the Payroll

As a business owner, you should be aware that you can save family income and payroll taxes by putting junior family members on the payroll. You may be able to turn high-taxed income into tax-free or low-taxed income, achieve social security tax savings (depending on...

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Basis Rules of Inherited Property

Under the fair market value basis rules (also known as the "step-up and step-down" rules), the heir receives a basis in inherited property equal to its date-of-death value. So, for example, if Uncle Harry bought Kodak stock in 1935 for $500 and its worth $5 million at...

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