The Internal Revenue Service today announced that all empowerment zone designations remain in effect through the end of 2016. Empowerment Zones are certain urban and rural areas where employers and other taxpayers qualify for special tax incentives.
Today’s announcement primarily affects businesses that would benefit from claiming the tax incentives for empowerment zones on their 2015 returns, either original or amended, and 2016 returns.
Courtesy of IRS
For more information contact Neikirk, Mahoney and Smith at 502-896-2999
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