Hello World
Tax Glossary
What Is “Straight-line Depreciation”?
What Is Straight-line Depreciation? Straight-line depreciation is the simplest and most common method for spreading the cost of a business...
Tax Glossary
What Is a “Stock Option”?
What Is a Stock Option? A stock option is a contract that gives you the right to buy shares of...
Tax Glossary
What Is “Startup cost amortization”?
What Is Startup Cost Amortization? Startup cost amortization is the tax process of deducting the expenses you incurred while preparing...
Tax Glossary
What Is “Special depreciation allowance”?
What Is Special Depreciation Allowance? The special depreciation allowance, commonly known as bonus depreciation, is a tax incentive that allows...
Tax Glossary
What Is “Short-term rental”?
A short-term rental (STR) is a property—such as a house, condo, or even a spare room—that is rented out to...
Tax Glossary
What Is “Section 1033 Exchange”?
What Is a Section 1033 Exchange? A Section 1033 exchange is a tax provision that allows you to defer paying...
Tax Glossary
What Is “Section 1031 Exchange”?
What Is a Section 1031 Exchange? A Section 1031 exchange, named after its spot in the Internal Revenue Code, is...
Tax Glossary
What Is “Section 475 Election”?
What Is a Section 475 Election? A Section 475 election is a special tax choice made by active traders to...
Tax Glossary
What Is “Section 197 intangible”?
What Is a Section 197 Intangible? A Section 197 intangible is a type of non-physical business asset, such as a...
Tax Glossary
What Is “Section 179 Deduction”?
What Is Section 179 Deduction? The Section 179 deduction is a tax rule that allows businesses to deduct the full...