Tax cost recovery methods allow businesses to reduce their overall tax liabilities. This is usually accomplished through depreciation of capital investments. The Internal Revenue Service allows such ...

Overhead is an unavoidable cost in production and service-oriented businesses. Unlike direct costs such as production employee wages and materials that can be applied directly to production or service ...

Depreciation recapture is the process by which the IRS reclaims tax benefits previously obtained through depreciation when an investor sells a depreciable asset for more than its depreciated value.