Home | Industry Information | Business News | Browse by Publication | R | Rural Cooperatives

Get ready to claim your "QPAI deduction".(LEGAL CORNER)

Publication: Rural Cooperatives
Publication Date: 01-JUL-05
Format: Online
Delivery: Immediate Online Access

Article Excerpt
The American Jobs Creation Act of 2004 contains several provisions favorable to rural cooperatives and their member-users. One that will directly benefit many cooperatives and other businesses is the new Qualified Production Activities Income deduction.

The Qualified Production Activities...

View more below

Read this article now - Try Goliath Business News - FREE!   
You can view this article PLUS...

  • Over 5 million business articles
  • Hundreds of the most trusted magazines, newswires, and journals (see list)
  • Premium business information that is timely and relevant
  • Unlimited Access

Now for a Limited Time, try Goliath Business News - Free for 7 Days!
Tell Me More   Terms and Conditions

Purchase this article for $4.95

Already a subscriber? Log in to view full article

...Income deduction is first available for tax years beginning in 2005. This report is a summary of the terms used and general rules for claiming this new deduction. As this is somewhat complicated, readers are encouraged to discuss how this new deduction may benefit them with their professional tax adviser.

Three steps to success

Claiming the new deduction involves three computations. Congress has created some new tax jargon to describe these computations, so taxpayers will want to become...

NOTE: All illustrations and photos have been removed from this article.



More articles from Rural Cooperatives
No shell game: oyster co-op hopes to revive Mystic's faded shellfish i..., July 01, 2005
The inside scoop on outside help: outside co-op development specialist..., July 01, 2005
Consolidation, expansion spark growth in cooperative feed sales., July 01, 2005
CoBank's Schoniger named top co-op communicator., July 01, 2005
Pennsylvania food-marketing co-op completes trade mission to China.(NE..., July 01, 2005

Looking for additional articles?
Search our database of over 3 million articles.

Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication name or publication date.

About Goliath
Whether you're looking for sales prospects, competitive information, company analysis or best practices in managing your organization, Goliath can help you meet your business needs.

Our extensive business information databases empower business professionals with both the breadth and depth of credible, authoritative information they need to support their business goals. Whether it be strategic planning, sales prospecting, company research or defining management best practices - Goliath is your leading source for accurate information.