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...could also turn out to be a leg up for corporations in the recovery. All that red ink could turn out to be a little-noticed boon for corporate bottom lines. That's because companies are allowed to record a tax credit for current losses in order to lower their tax bill when they return to profitability. (See six year-end tax tips...
...hard to know just how much that $400 billion in losses will end up lowering corporate America's tax bill. Companies are allowed to record tax credits for current losses and use those credits to lower their bill when they return to profitability. If companies have more tax credits than profits, they are allowed to carry those credits forward for up to 20 years or until they are used up. (See 10 ways to spend your tax refund...
Right now, the players in the Quincy dorm room are upper teens, lower twenties, still in school (other than Nathaniel) still answering calls from their parents on Friday nights (Alessandro’s mom called in the middle of the second session), and are still young in many respects...
...suffered tears in both his groin and lower abdomen, and endured bilateral abductor release surgery and pelvic floor repair surgery...
...that flu activity remains widespread in 46 U.S. states. The latest weekly report from the World Health Organization only accounts for 440,000 laboratory confirmed cases of pandemic H1N1 influenza through the end of October throughout the globe, admitting that the case count is likely to be significantly lower than the actual number of cases as “many countries have stopped counting individual cases...