What are the changes in Section 179? http://www.waradydavis.com Expert Tax Assistance! 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 changes in the provision allow a business that purchases $2 million dollars of qualified assets to expense $500,000 of these purchases. Talk to your tax advisor to determine how to utilize this provision as part of your business plan.
Disclaimer: Pursuant to Internal Revenue Service Circular No. 230, be advised that the information contained herein was not intended or written to be used and cannot be used by any taxpayer for the purpose of avoiding any Internal Revenue Code penalties that may be imposed on the taxpayer. It was written with the intent of disseminating general information related to the transaction(s) or matter(s) addressed herein
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