TITLE

Mid-Year Tax Update:

AUTHOR(S)
Brown, Peter D.
PUB. DATE
June 2009
SOURCE
Westchester County Business Journal;6/1/2009, Vol. 48 Issue 22, preceding p1
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article focuses on the economic stimulus package known as The American Recovery and Reinvestment Act of 2009 which was signed into law by President Barack Obama on February 17, 2009 in the U.S. It states that the stimulus package will allow business owners to recoup more of the cost of an asset through tax savings. According to the article, the package extends the normal two-year carryback period for business whose average gross receipts are $15 million or less.
ACCESSION #
42226862

Tags: UNITED States. American Recovery & Reinvestment Act of 2009;  TAX planning;  INCOME tax deductions for losses;  BUSINESS enterprises -- Taxation;  OBAMA, Barack, 1961-;  PRESIDENTS -- United States

 

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