On Line Tutorial Class

Is a deduction allowed for the reasonable wearing out of assets used in business or held for the production of income. ex. machinery,

An improvement made to extend the useful life of a property or add to its value. Major repair such as the replacement of a roof are consider...

The gain from the sale or exchange of a capital assets; such as stock or real estate. The gain is the difference between a selling price exc...

The cost basis of any stock or investment it goes to the original value of an asset purchased, If the stock is received as a gift, basis is ...

An expense which may be deducted even if the taxpayer does not itemize deductions. Adjustment to income are subtracted from gross income to ...

Includes the taxpayer's natural child, step-child, or a child placed for legal adoption regardless of when the child came to live with t...

The total amount provided on behalf of an individual. Support includes food, lodging, and other necessities as well as recreation and other ...