Professional Tax Preparer

Get our introductory video on having your own successful tax preparation business and receive updates on our special educational offers to learn how to do it right.

Name:   E-mail:   Zip Code:   Phone:

Newsletters:   Accounting & Bookkeeping   QuickBooks Tips   Tax Tips

lock We value your privacy  

Accounting Glossary: Section 1245 property

Our Tax and Accounting glossary has definitions to over 150
accounting and bookkeeping terms or tax terms.

Learn, remember, and master the hundreds of tax terms that are used and created each day. Each one of our accounting tax terms are reviewed and written to be understood from bookkeepers to cpas to accountants alike.

Please pick a letter to proceed to the terms associated with that letter.

ABCDEFGHIJKLMNOPQRSTUVWXYZ
Section 1245 property:
Property that is or has been subject to an allowance for depreciation or amortization. Section 1245 property includes personal property, single purpose agricultural and horticultural structures, storage facilities used in connection with the distribution of petroleum or primary products of petroleum, and railroad grading or tunnel bores.


Professional Tax Preparer

Get our introductory video on having your own successful tax preparation business and receive updates on our special educational offers to learn how to do it right.

Name:
E-mail:
Zip Code:
Phone:

Newsletters:
Accounting & Bookkeeping   QuickBooks Tips   Tax Tips

lock We value your privacy