What is the difference between Section 179 Expense vs. Special Depreciation Allowance?

According to the article from BankRate.com, the key difference is that Section 179 Expense (Expensing the entire asset in the year it is purchased) cannot increase the loss of a business. Special Depreciation Allowance (Expensing 50% of the assets value in the first year) can increase the loss to a business.

From IRS.gov

The Earned Income Tax Credit is a financial boost for workers earning $49,078 or less in 2011. Four of five eligible taxpayers filed for and received their EITC last year. The IRS wants you to get what you earned also, if you are eligible.

Here are the top 10 things the IRS wants you to know about this valuable credit, which has been making the lives of working people a little easier since 1975.

What is a Debit and a Credit? What is double entry accounting? Confused with these accounting terms? Watch the video on Ehow.com to find out what these confusing terms mean.

Got receipts overflowing your pockets or stashed away in a box? How important is it for a small business owner  to keep good records? Your financial picture will tell you if you are making money or losing money and why. Garbage in, garbage out. If you are entering bad data into your bookkeeping software than you will have bad data to analyze your business.  Continued....

How secure is your job? What if you were corralled into a large room, handed a box and told to collect your belongs and leave immediately? It is reality, maybe not yours yet but one day you may find yourself in the same shoes.  Continued...