Section 179 Archives - TaxResearchPro

Section 179 Deduction For A Tractor In 2015

by The TaxResearchPro Team | Oct 19, 2015 | Business Tax

Will I be able to take a Section 179 deduction for a tractor I am buying and putting into service in 2015? My IT Consulting income will likely be less in 2016 because I’m going to take some time to focus on our farm business, so I would like to take the depreciation in 2015. However, I read the IRS page on 179 deductions and can’t tell if the depreciation is based on income. So, I would have to have farm income equivalent to the cost of the tractor to be able to take the deduction?

Can We Elect Bonus Depreciation For Website Costs?

by The TaxResearchPro Team | Oct 11, 2015 | Business Tax

For website development costs, is this a 3 year asset? Can my client elect bonus depreciation for website costs at 50% for 2013? I believe that software is considered qualified property.

Can I Claim The Section 179 Election On A Late Return?

by The TaxResearchPro Team | Sep 10, 2015 | Business Tax

Can the IRC Section 179 deduction be claimed on a late filed return and can bonus depreciation under IRC Section 168(k) be filed on late return.

Section 179 Deduction For A Tractor In 2015

Can We Elect Bonus Depreciation For Website Costs?

Can I Claim The Section 179 Election On A Late Return?

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