Business Provisions - Economic Stimulus Act
The Economic Stimulus Act of 2008 contains two provisions that provide tax benefits for businesses.
The first provision increases the limit up to which a business can expense property purchased and placed in service during its 2008 tax year.
The second provision provides an additional 50 percent special depreciation allowance for property acquired and placed in service during calendar year 2008.........
Internal Revenue Service
The first provision increases the limit up to which a business can expense property purchased and placed in service during its 2008 tax year.
The second provision provides an additional 50 percent special depreciation allowance for property acquired and placed in service during calendar year 2008.........
Internal Revenue Service
posted by Milt Baker CPA | 9:41 AM
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