TITLE

Machinery deduction boost available

AUTHOR(S)
Pocock, John
PUB. DATE
February 2011
SOURCE
Southwest Farm Press;2/17/2011, Vol. 38 Issue 6, p8
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the expansion of the Section 179 tax deduction to 500,000 U.S. dollars and the introduction to 100 percent bonus depreciation for assets bought after September 2010, in which farmers who purchase equipments during the time period can deduct their purchases in the U.S.
ACCESSION #
59151116

 

Related Articles

  • Deductive Reasoning. POCOCK, JOHN // BEEF;Mar2011, Vol. 47 Issue 7, p78 

    The article focuses on the tax deduction rules for farm equipment purchases in the U.S. Roger McEowen, director at Iowa State University Center for Agricultural Law and Taxation, says that the expansion of the Section 179 tax deduction to 500,000 dollars and 100 percent bonus depreciation for...

  • Film companies may claim capital allowance on production. Bose, Mihir // Accountancy;Oct79, Vol. 90 Issue 1034, p9 

    The article reports that the British Inland Revenue is prepared to accept capital allowance claims with regard to film production expenditure, according to its Statement of Practice No. 9. To qualify, the master print of a film must be a capital asset in the business, and this condition would be...

  • Absolutely negatively. Walkley, Pam // Bulletin with Newsweek;03/28/2000, Vol. 118 Issue 6217, p74 

    Examines the overuse of the tax benefits of negative gearing and depreciation allowances in real estate investments in Australia. Definition of negative gearing; Survey by Ashe Morgan Winthrop on negative gearing in real estate investments; Real estate analysts' advice on gearing; Trends in...

  • Second-hand buildings. Foreman, Tony; Lazda, Angela // Accountancy;Apr94, Vol. 113 Issue 1208, p119 

    Reports that a landlord who purchases a second-hand building should be able to claim capital allowances on the plant element in Great Britain.

  • Answers to your tax QUESTIONS about business expenses. Farber, Lawrence // Medical Economics;2/6/2004, Vol. 81 Issue 3, p104 

    Answers several tax questions about business expenses. Depreciation of a new car; Depreciation allowances for two pieces of medical equipment; tax return errors in a medical practice.

  • 4 Common Tax Mistakes Contractors Make. BOTTA, VINCENZO // Professional Contractor;Summer2015, p14 

    The article discusses four tax mistakes that U.S. contractors commonly make. It includes the failure to depreciate new equipment correctly which could be an opportunity to decrease taxable income, the lack of awareness of the existence of fuel tax credits which offer substantial tax savings, and...

  • Tax implications of leasing vs. purchasing farm equipment.  // Corn & Soybean Digest Exclusive Insight;11/27/2015, p1 

    The article discusses the advantages and disadvantages of leasing and purchasing farm equipment in the U.S. including debt reduction, avoidance of equipment depreciation and tax deduction for leasing expense.

  • Valuing Depreciable Assets. Kraizberg, Elli // Journal of Accounting, Auditing & Finance;Spring93, Vol. 8 Issue 2, p115 

    The 1986 Tax Reform Act is likely to extend optimal homing periods of depreciable assets until the point in time at which the tax basis is exhausted. Additionally, practitioners in the real estate markets tend to argue that the 1986 Tax Reform calls for a major reduction in depreciation tax...

  • Income tax and farming machinery. Friedland, Robin // Finance Week;11/26/99, p40 

    Reports on a legal case concerning tax deductions for farming equipment in South Africa. Application of deductions described in the Income Tax Act which allows preferential write-offs for machinery used for farming; Question on the use of farming machinery by an agricultural contractor; Court's...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics