Worthless Small Business Stock - A loss can be a Win?

Sometimes you need to close your corporation... I have seen to many businesses struggle with debts that are unbearable as circumstances change; a downward eceonomy, technology obsolesence or change in customer demographics.  Many owners fear the closure, as they do not know of the ability to salvage some tax dollars through the closure.

It’s finally official—President Barack Obama signed H.R. 5771, The Tax Increase Prevention Act Friday, December 19, 2014.

Businesses will enjoy the one-year extension of the research and development credit and bonus depreciation

Business Tax Provisions: