Health Care Credit for Non-Profits

The IRS recently released guidance for small businesses and non-profits that are eligible for the health care credit that was unveiled in March. Small businesses will include it as a general business credit on their income tax returns; non-profits will claim it on a revised Form 990-T. If your organization

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Tax deduction could help, but grant would help more

President Obama is expected to make a public push to expand the income tax deduction that businesses can claim for investments in non-real estate assets. His proposal is, in essence, elective 100 percent bonus depreciation – “elective” meaning the taxpayer does not have to claim the deduction otherwise made allowable

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