Word: write-off
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...shelters have one thing in common: for a relatively small investment, often much of it borrowed, a large tax deduction is generated. Under the 1981 law, most of the write-off can usually be taken in the first year. An investor, for example, might put up $20,000, or 20%, of a $100,000 real estate deal and borrow the rest. The law then allows claims for depreciation, tax credits and everything else associated with a $100,000 investment. Also deductible is the interest on the borrowed money. In the end, a $20,000 stake could result in write-offs...
...news came as something of a surprise to Wall Street, and with good reason. The day before, the company reported 1983 losses of $1.16 billion, of which $634 million came from steel operations and the rest from a huge write-off for plant closings last year. In a meticulous facility-by-facility paring, U.S. Steel plans to shut down all or parts of 73 operations in 13 states, cutting its capacity by 17% and its payroll by 15,436, to 66,000. The National deal will just about restore the 5 million tons of capacity scheduled to be dropped...
...write-off will be made against 1983 profits, meaning that the company's earnings will be reduced by the $5.2 billion amount. Explaining the decision to apply the full write-down in a single stroke, Brown said: "It is generally considered more comfortable to take a dog's tail off all at once, rather than an inch at a time." Profits have been lackluster anyway. In the year's third quarter, AT&T profits fell 28%, to $1.46 billion, continuing a long decline. One reason was the anticipated costs of divestiture. Another, said Brown was the "lingering...
...added benefit for adults, but not children, is that the cost of a computer camp can often be a tax write-off. Many camps point out in their brochures that the Internal Revenue Service regards computer instruction as a tax-deductible business expense. -By Philip Elmer-DeWitt...
...software programs. To spread this development more evenly and open new doors for business, Apple has offered to donate one computer to every public school in the U S.?a total of 80,000 computers worth $200 million retail?if Washington will authorize a 25% tax write-off (as is done for donations of scientific equipment to colleges). Congress has so far failed to approve the idea, but California has agreed to a similar proposal...