Tuesday, February 11, 2014

Special Report: Your Taxes

Joseph Insinga, a former bank executive, is fighting the rejection of his whistle-blower claim, which he filed in 2007. Whistle-blowers’ tips are pouring in to the I.R.S. But cash awards aren’t pouring out.

Doug Click says his company, Arizona Hi-Lift, made good use of a Section 179 tax provision that  expired at the end of last year. “It’s a great help having that when you buy pieces of capital equipment, as I do,” he said. Unless and until Congress renews all sorts of deductions, tax specialists warn, it will be hard for small businesses to plan for expansion.

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