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 ...

DEPRECIATION OF LUXURY CARS requires careful analysis due to recent tax law changes. OPTIMIZATION OF LUXURY-VEHICLE DEPRECIATION demands thoughtful analysis of the IRC section 179 expense allowance, ...

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 ...

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 ...

BOSTON (CBS) - Normally if you purchase capital equipment for your business you don't get to expense the total cost of the equipment the year you buy it. You depreciate the equipment over its useful ...

Wylie Wong is a freelance journalist who specializes in business, technology and sports. He is a regular contributor to the CDW family of technology magazines. For business owner Ric Lee, taking ...

Your computers, your cell phone, Internet services, Web hosting–your business depends on technology to run, so at tax time it’s natural to want to deduct all your tech expenditures. And accountants ...

I am 58yrs of age and receive $8660 for disability from my former employer, and receive a 1099R which I enter that amount on line 7 of Form 1040. I have rental income profit of $4069 and enter on line ...