UNDER FSC/ETI BILL, SUV WRITE-OFFS WILL GO: When President Bush signs the FSC/ETI bill, the days of small business owners and professionals such as doctors and lawyers expensing luxury SUVs are over.
Writers of the 600-page measure closed a tax break that allowed business owners to save as much as $33,000 on the purchase of a $100,000 vehicle, according to Tax Analysts.
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