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PA Commonwealth Court Holds NOL Tax Deduction Cap is...

2015-12-07 16:51:26| Telecom - Topix.net

The Pennsylvania Commonwealth Court unanimously held in a 7-0 decision that Pennsylvania's net operating loss cap that limits a corporation's ability to deduct NOL carryforwards for corporate net income tax purposes is unconstitutional. In Nextel Communications of the Mid-Atlantic, Inc., v.

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Will Congress step up and renew the Section 179 tax deduction?

2015-11-12 18:22:10| Beef

Last year, it was nearly Christmas before Congress made an 11th hour save and increased the Section 179 deduction. Yes. Theyll make an 11th hour save just like last year and increase it to $500,000. No. The deduction will remain at $25,000. Dont know. Who can outguess a politician? read more

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