Word: deductible
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...suit asks that the landlord make the repairs or allow Cate Enterprises to do them and then deduct the repair costs from the rent, according to an article published in the Boston Business Journal yesterday...
...almost closed in 1983 and ceased publication last year for two months. Current Owners William Franke and John Prentis sought $15 million in industrial revenue bonds to finance a new building, buy presses and meet operating costs, luring investors with the promise that if the paper defaulted, they could deduct the loss from their state taxes. But a local lawyer said the bail...
This year will be the last chance for consumers to deduct local sales taxes. Sellers of such big-ticket items as autos, appliances and jewelry are likely to enjoy a boomlet as consumers hurry to buy before January. Scott Rielly, 28, a Framingham, Mass., real estate appraiser with a wife and two children, spent $14,000 last month on two new cars -- a Hyundai and a Mitsubishi -- at least partly so that he could write off the $700 sales tax. Rita and Dan Houlihan, a Chicago couple, have the same strategy in mind because of 8% state and city sales...
...brand-new station wagon. 2) Sell off your shares in Conglomerate Corp. 3) Give a generous donation to Ivy University. 4) Apply for a home- equity loan to pay for the new boat. 5) Take a trip to an investment seminar in Hawaii and deduct it as a business expense. 6) Schedule Joe's long- postponed gall-bladder operation. 7) Pay business expenses (like your accountant's fee) a year in advance so you can write off a larger...
Another reason for making large purchases before Jan. 1 is that the deductibility of interest charges on consumer loans will gradually be phased out over a four-year period starting in 1987. But consumers and the lending industry have already hit upon an alternative: the home-equity loan, which is secured by a house or condominium. Interest on such loans will remain deductible, within some limits. "You go out and buy a new washer and dryer and still get to deduct the interest because in effect you're paying for it with a home-mortgage loan," says Kinzie, the Chicago...