 |  |
| FREE NEWS ALERTS A free, comprehensive news service to keep small businesses and independent contractors posted on the latest tax developments affecting their operations.
|
|
Thursday, Dec. 3 Depreciation – First-Year Expensing And Timing of Purchase #102Section 179 of the IRS Tax Code allows a small business to deduct, for the current tax year, the full purchase price of financed or leased equipment that qualifies for the deduction. The equipment purchased or leased must be within the specified dollar limits of section 179, and the equipment must be placed into service in the same tax year that the deduction is being taken... Subscribers have free access to the archives. Click here. |
|
