Los Angeles, CA, March 25, 2009 --(PR.com
)-- President Barack Obama promised a new loans to small business and his administration announced on Monday that he "firmly believes that economic recovery will be driven in large part by America's small business." The government promises to get credit flowing again by purchasing up to $15 billion in frozen securities. This program which is part of the Financial Stability Plan will trim lending fees and boost loan guarantees and shrinks tax burdens on small businesses.
This tax relief includes the ability to claim losses for up to five years under "carry back" provision, the ability to write off investments of up to $250,000, reduction of previous year's estimate tax to 90 percent from 110 percent, increase depreciation for property purchases, and exclusion of 75 percent of capital gains from taxation for business investment.Tax relief
is vital to small businesses because it helps to get the businesses through the critical phases of their development, at the initial stages, and when they attempt to expand and grow. People with tax debts who would like to get rid of once and for all and also want to save significant amounts of money, can have a brand new, fresh start, by calling tax relief specialist Titan Tax Relief at 1-800-498-9705.
Titan Tax Relief is a full service tax firm and offers free tax consultation, offer in compromise, penalty abatement, lien subordination, unfiled returns, audit representation, payroll tax, wage garnishment
, bank levy release, and state and federal tax help.
If you have recently found out that you owe money to the IRS or you have unpaid taxes, it is extremely important to work with the right company to guide you properly through each step of the process. Titan Tax Relief is a member of the Better Business Bureau with A rating. They have many satisfied customers and more are added to their list every day.
Titan Tax Relief is one of the few companies that offers free tax consultation. To receive free tax consultation, go to: http://www.titantaxrelief.com/free_irs_tax_relief_consultation.cfm
Titan Tax Relief also offers Bank Levy and Wage Garnishment services. For Bank Levy
visit http://www.banklevy.org and for Wage Garnishment