Limitations using both Bonus Depreciation & Section 179 - Cindy Tweten- Warady & Davis LLP CPA's

Using both Bonus Depreciation and Section 179? http://www.waradydavis.com What are the limitations? An excerpt from an interview with Cindy S. Tweten, CPA, Tax Manager and Mark E Goodman in February of 2011. In this segment, Cindy and Mark talk about the Tax Relief Act of 2010 - Obama Tax Plan. Cindy notes that a business needs to use both Bonus Depreciation and Section 179. Bonus Depreciation can only be used on new equipment, Section 179 can be used on new and used equipment. There are also certain limitations on utilizing some of the provisions. Talk to you tax professional as to how to best deploy these provisions given your specific business situation.

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