| Business Tax Law Changes Impacting 2009 Tax Returns
Changes were made to various tax provisions including an extension through 2009 to monetize accumulated alternative minimum tax and research and development credits; delayed recognition of cancellation of debt income for certain businesses that buy their own debt at a discount; increased exclusion for gain on certain small business stock held for more than five years; and a shortening of the holding period of assets subject to the built-in-gains tax.
For more detailed information on major changes, return to the Tax Law Changes main page.
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