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Old 08-08-2008, 11:55 AM
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IRS permits businesses to accelerate the use of the AMT and R&D credit carryovers.

The IRS has stated, that for "Businesses that will not be able to take the benefit from the 50% bonus depreciation" they would now be able to get a tax break.

The IRS has stated that these Businesses can now "elect to accelerate the use of the AMT and R&D credit carryovers instead."

This new ruling would provide a useful tax relief to thousands of small businesses and many new start-up Businesses for the tax year 2008.

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