To encourage taxpayers to invest in early stage innovative companies, there’s a new credit of 25% of investments in ventures up to $100,000, for a top credit of $25,000. Angels must remain invested for at least 3 years. The credit is nonrefundable, but there’s a 5-year carryover for amounts that can’t be used currently. The credit runs through 2016. Find details here.
Don’t forget … for year-round tax planning and critical business strategy, you’ll want your copy of J. K. Lasser’s Guide to Self-Employment: Taxes, Tips and Money-Saving Strategies for Schedule C Filers - available on Amazon now!
