Taxpayer Relief Act
It appears that Congress will pass and the President will sign the “Protecting Americans from Tax Hikes” Act. For businesses, this will make permanent the $500,000 section 179 deduction and will extend bonus depreciation through 2019 as well as allow for a 15 year depreciation life for certain leasehold improvements and restaurant property. For individuals, […]
The Senate finally passed the 2014 Tax Extenders bill on December 16. Bill has significant benefits for businesses and individual taxpayers.
The American Taxpayer Relief Act of 2012 was enacted on January 2, 2013. Our associate firm, DMJ, CPAs has compiled a summary of the Act. Read the summary here Go back to our website