Business Tax Recovery Logo


Tax Deduction Consulting: Parking Spaces Helena MT

Most business deductions are those items that are the expenses of doing business. The words ordinary and necessary are often used to determine the validity of a business expense. There are many local, State, and Federal laws and regulations that require handicap access and parking. Any expense that is incurred by a business in the fulfillment of these requirements and to comply with the law would, naturally, be a necessary expense.

John Shellenberger
P.O Box 4758
Bozeman, MT
Company
Company: Estate Conservation Associates
Education
Franklin & Marshall College A.B.
Stanford University M.A.
Years Experience
Years Experience: 34
Service
Supplemental Medicare Insurance,College Planning,401k Rollover From Employer,Income for Life/ Preserve Principal,Medicare Planning,Annuities,Alternative Asset Class Planning,Investment Consulting & Allocation Design,Insurance & Risk Management Planning,Retirement Income Distribution Planning,Education Funding & Financial Aid Planning,Fee-Only Comprehensive Financial Planning,Long-term Care Insurance,1031 Exchanges,Wealth Engineering,Stock Market Alternative,Wealth Management,Life Insurance,Inves

Data Provided by:
H&R Block Inside Russell Square Shopping Center
(406) 251-6020
1132 SW Higgins Ave Ste 210
Missoula, MT

Data Provided by:
Minnehan-Galt Kelly CPA
(406) 442-1040
828 Great Northern Blvd
Helena, MT
 
Glenn Ralene CPA
(406) 442-5520
111 N Last Chance Gulch
Helena, MT
 
Severin Suzanne CPA
(406) 442-1040
828 Great Northern Blvd
Helena, MT
 
Campbell and Associates,CPAs
(406) 728-9288
2505 S Russell
Missoula, MT
 
H&R Block
(406) 727-3577
7353 Goddard Dr Bldg 1150
Malmstrom Afb, MT

Data Provided by:
Dickey Lynn E CPA
(406) 442-5520
111 N Last Chance Gulch
Helena, MT
 
Kelley Kevin R CPA
(406) 442-1040
828 Great Northern Blvd
Helena, MT
 
Honzel William F CPA
(406) 442-5520
111 N Last Chance Gulch
Helena, MT
 
Data Provided by:

Tax Deduction Consulting: Parking Spaces

Tax Deduction for Parking Space

Is there a tax deduction for making a parking space? Surprisingly the answer to this question is yes. It is part of the Governments program to improve accessibility for the disabled.

The Federal tax deduction program has the rather long and unwieldy name of the Federal Tax Deduction for the Removal of Architectural and Transportation Barriers to People with Disabilities and the Elderly. There are also certain tax credits on both the Federal and State level that encourage this same idea. A tax deduction for a parking space might not make perfect sense for a pure profit and loss point of view. This is what makes this kind of business deduction subject to special consideration.

Most business deductions are those items that are the expenses of doing business. The words ordinary and necessary are often used to determine the validity of a business expense. There are many local, State, and Federal laws and regulations that require handicap access and parking. Any expense that is incurred by a business in the fulfillment of these requirements and to comply with the law would, naturally, be a necessary expense.

The idea of special deductions is to encourage actions by the business that go beyond the scope of the requirements and the law. Any activity like increased handicap parking and architectural changes to buildings to enhance accessibility that go above what is needed and required would also be tax deductible. The ability to reduce taxes by doing something that is in the best interest of the company is something that should provide much incentive that can only result in improvements in the area of handicapped accessibility.

In recent years enforcement of the laws that apply to handicapped parking and accessibility has become stricter and enforcement has followed suit. It is not in any company's best interest to ignore this issue and this has made the expense of compliance a very normal and necessary business expense that im...

Click here to read the rest of this article from BusinessTaxRecovery.com