In this case the taxpayer, a doctorsâ office, displayed various pieces of art in its offices, claimed depreciation on said artwork, which the IRS disallowed. At trial the IRS argued that the works of art did not have a useful life, based on Revenue Ruling 68-232.
A reduction in HAPU incidence by just 1 percentage point (3.5% to 2.5%) results in potential savings of $1,305,000 per year. Calculate your own potential savings below.
HDHP vs. PPO Plans. Traditional PPO plans (Preferred Provider Organizations) have high monthly costs. At the end of the year, all of the money youâve spent on premiums is gone. On the other hand, with a HDHP (High-Deductible Health Plan), the premium is lower and some of the money you would have spent can go into a Health Savings Account (HSA) insteadâsaving you money on taxes.