|
|
 |
Now
is the time to buy! Under recent changes in the tax laws, purchasers
of aircraft (and other assets) used in business can elect to
deduct under Section 179 of the IRC up to $100,000 (up from
$25,000) of the aircraft's cost in the tax year that the aircraft
is placed in service. In addition, the new tax law extends the
bonus depreciation provision covering aircraft purchases to
up to 50% of the aircraft cost in the year of purchase. |
 |
Small
businesses that are owned by military reservists (National Guard
or Reserve Members) and/or small businesses that employ military
reservists called to active duty may qualify for Military Reservist
Economic Injury Disaster Loans (MREIDL). If interested, contact
the Small Business Administration, or get information from their
website at www.sba.gov. |
 |
On
March 1, 2003, the Immigration and Naturalization Service (INS)
ceased to exist. In general, the INS' service functions were
absorbed into the new Bureau of Citizenship and Immigration
Services (BCIS) of the Department of Homneland Security (DHS),
and the INS' enforcement functions were absorbed into DHS' new
Bureau of Immigration and Customs Enforcement (BICE). |
|
