TITLE

Avoid depreciation tax trap in down year

PUB. DATE
August 2009
SOURCE
Tax Strategist;Aug2009, Vol. 4 Issue 8, p5
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article offers information on the new depreciation tax in the U.S., "Section 179." As reported, this deduction will be beneficial for small business owners as it will allow them to write off up to dollar 250,000 of new business assets placed in services in the year 2009. But this deduction is limited to the amount of annual taxable income from the business. It is suggested that business owners should buy new assets soon and place them in service before October 1, 2009.
ACCESSION #
43385054

 

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