New Tax Law May Give Cash Boost to Your Business

Matthew Madden, CPA

The government’s November tax act will increase the availability of a law designed to allow taxpayers to get a refund of taxes paid in prior years. The Joint Committee on Taxation estimates that the new provisions will cost the federal government over $33 Billion in 2010. Real estate will be one of the industries most impacted by this legislation because of the significant losses it has seen over the last year.