Under the tax laws, business owners are allowed to recover all or part of the cost of certain purchases up to a certain limit by deducting it immediately in the year the property is placed into ...

The section 179 deduction allows a small business to take a tax deduction for the entire cost of certain property and equipment in the year it buys that property. That produces a larger, more ...

Q I expanded my business in 2014 and purchased a significant amount of furniture, fixtures and equipment. Will I be able to deduct all these purchases on my 2014 tax returns? In addition, will the ...

Your article was successfully shared with the contacts you provided. This is the 11th in a series of 23 tax tips that AdvisorOne is publishing on each business day in March as part of our Tax Planning ...

I started my farming operation in late 2011 and purchased property that included drain tile and a gravel road. As I understand these qualify for 179 expense deductions after I allocate my purchase ...

Learn how to use IRS Form 4562 to claim depreciation and amortization deductions for business property. Understand the criteria, asset types, and filing process.

It appears from the farmer's tax guide that field drainage tile is a sec. 179 deduction for 2010 and 2011. Does that include both the labor and materials cost? Is there a limit on the amount I can ...

When you arose from your Titos-induced slumber on the morning of January 1st, it was more than just your pants and dignity that had gone missing. While you were ringing in the New Year, the Internal ...

With the large increase of Section 179 deduction for 2010 and 2011 to $500,000 and 50% bonus depreciation on new assets in 2010 and possibly 100% in 2011, it is now even more important for your tax ...

Marshall Hargrave is a stock analyst and writer with 10+ years of experience covering stocks and markets, as well as analyzing and valuing companies. Listed property is tangible property that can be ...

This valuable tax deduction is available for businesses of all sizes. Under the tax laws, business owners are allowed to recover all or part of the cost of certain purchases up to a certain limit by ...