| IRS permits businesses to accelerate the use of the AMT and R&D credit carryovers.
The IRS has stated, that for "Businesses that will not be able to take the benefit from the 50% bonus depreciation" they would now be able to get a tax break.
The IRS has stated that these Businesses can now "elect to accelerate the use of the AMT and R&D credit carryovers instead."
This new ruling would provide a useful tax relief to thousands of small businesses and many new start-up Businesses for the tax year 2008.
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