Location, location, location – How a new one might save your company taxes

Description

Abstract: When purchasing real estate, where you locate can save you a bundle in taxes — if you know what to look for. This article looks into not only federal tax incentives available through locating in an empowerment zone or renewal community, but also economic incentives at the local level. Plus, it explains how a Section 179 expensing election can help you save big tax dollars when you purchase personal property for use in an empowerment zone. A sidebar discusses other tax breaks available through the Tax Relief and Health Care Act of 2006.