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The Economic Stimulus Act of 2008 Business Tax Benefits

The The Economic Stimulus Act of 2008 included bonus depreciation to encourage businesses to increase investment. However, companies in a loss position cannot take advantage of bonus depreciation because they do not have any taxable income against which to take the deductions. Image by cbcastro via Flickr The housing act allows taxpayers (corporations) to use accumulated alternative minimum...

January 10th, 2009 by The Tax Man

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The Economic Stimulus Act of 2008 Business Tax Benefits

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