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Tag Archive | "Form 1139"

New Tax Incentive for Small Businesses

Monday, March 30, 2009

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On March 16th, 2009 the IRS released information on a new tax incentive to help small businesses with deductions in excess of their income. Small business owners who are realizing losses in 2008 can use a new tax provision to get a refund on taxes paid in prior years. The influx of [...]