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IRS Tax Savings - Phone Systems |
ARRC Technology can provide your organization with the forms and information.
The best call you’ll receive from the... IRS
Below is a brief overview of the Disabled Access Credit from the ADA (American Disabilities Act). Keep in mind that no person at the company has to have a hearing impairment in order to qualify, and always check with your CPA regarding these tax situations.
American Disability Act of 1990
ARRC Technology can provide your organization with the forms and information required to possibly receive up to a $5,000 tax credit from the IRS on your phone system. Call an ARRC representative for more information today!
- Eligible small business with prior year gross receipts< $1 million OR no more than 30 full time employees are allowed 50% credit for disabled access expenditures exceeding $250 up to $10,000 maximum. Disabled Access Credit is included as a General Business Credit, and as such is subject to the limitations on the amount that can be utilized in any given year.
- Disabled access expenditures include amounts paid or incurred:
- removing architectural, communication, physical or transportation barriers
- provide qualified interpreters or other effective methods of making aurally delivered materials available to individuals with hearing impairments
- provide qualified readers, taped texts, and other effective methods of making visually delivered materials available to individuals with visual impairments
- acquire or modify equipment or devices for individuals with disabilities) Provide other similar services, modifications, materials or equipment. The disabled access expenditures must be for the purpose of enabling such small business to comply with the applicable requirements of the Americans With Disabilities Act of 1990 (ADA). As discussed on Oct 21, 1997, since the telephone system includes all components necessary to utilize the TDD function, the equipment is eligible for the Disabled Access Credit under point 2(b) above.
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