What’s the latest? — 3 hot tax issues for businesses as the year winds down

Description

Abstract: There may be some significant tax law changes in 2012 — or there may not. And the fact that it’s an election year only compounds the intrigue. This article looks at three particularly hot tax issues for business owners to keep an eye on as the year winds down: the Patient Protection and Affordable Care Act (PPACA); bonus depreciation and Section 179 expensing; and the Work Opportunity credit as it pertains to hiring veterans. A sidebar offers a reminder that failing to properly file a Form 1099-MISC could lead to costly penalties or an audit.