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re: So a C corporation is taxed twice on profit?
Posted on 11/10/14 at 9:51 pm to I B Freeman
Posted on 11/10/14 at 9:51 pm to I B Freeman
quote:
One of the biggest thing republicans and Obama could do now to help the economy is to allow domestic corporations to write their capital expenditures off like a cash basis farmer does.
Are most capital expenditure eligible for either 50 or 100 bonus depreciation these days anyway?
1
Posted on 11/10/14 at 9:54 pm to SpidermanTUba
quote:
Are most capital expenditure eligible for either 50 or 100 bonus depreciation these days anyway
Nope. As a matter of fact if Congress does not act before year end 179 depreciation will be limited to $25000.
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