FREE WHITE PAPER
Electing Out of Bonus Depreciation for Refundable Credits
The Housing and Economic Recovery Act of 2008 allows corporate taxpayers to elect to forgo a deduction for bonus depreciation. Instead, they may claim a refund for unused research and alternative minimum tax (AMT) credits from tax years beginning before 2006.
Several complex calculations are needed to determine if it is beneficial to your bottom tax line to give up bonus depreciation for refundable credits. BNA Software can help.
BNA has software that can:
> Make all the required calculations to determine whether to make the election.
> Determine the amount of the refundable credits
> Help you more easily decide whether the election is worth making
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