TITLE

Section 179: What your customers need to know NOW

AUTHOR(S)
Schiff, Allen
PUB. DATE
September 2008
SOURCE
Proofs;Sep2008, Vol. 91 Issue 4, p20
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article examines the provisions of the Internal Revenue Service (IRS) Code Section 179 and its implication for the dental practice in the U.S. Dentists can elect to expense the first $250,000 of qualified dental equipment purchases in 2008 under the updated section. A cap based on the total dollar amount of Section 179 qualified assets purchased during a given year is included in the Section 179 Expensing Election. A dental practice is required to have paid the lesser of 90% of total federal tax liability to protect from a tax penalty.
ACCESSION #
34471018

 

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