October 7, 2008
Editor's Note
The bailout rescue bill is now one for the books, but is it possible that Congress carefully thought through the ramifications of everything they orchestrated in such record time? Normally major legislation of this sort takes months of committee creation, debate, and consideration of long-range consequences.

And what about those wooden arrows? Widely touted as a tax break for manufacturers of small arrows for children's archery sets, the rescue bill didn't provide a tax break as much as it removed an arcane tax law that was causing arrow manufacturers to fork over 43 cents in tax on every arrow shaft manufactured. The change seems reasonable, but while trying to save the nation from financial ruin, it's interesting that somebody had time to think of a handful of arrow companies.

Best regards,
Gail Perry, CPA
Managing Editor

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A company that proposes to install solar panels has computed the amount of the credit based upon cost before any rebates that are offered. In my experience, rebates reduce basis and therefore, reduce the amount of the credit. Are you allowed to treat the rebates as other income rather than reduce basis?
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Publicly available information
We are based in the UK and looking at trying to find the latest financial information on a US based entity for credit checking purposes. What are the sources that I should try? Is there a public body that can provide this information? Thanks in advance for your help.
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