Sale or rent equipment write-off limited

Battersby, Mark E.
November 2010
Proofs;Nov2010, Vol. 93 Issue 5, p14
Trade Publication
The article explains whether a dental equipment business can claim depreciation deductions or qualify for like-kind exchange treatment for equipment held for sale and designated as rental equipment under tax laws in the U.S. It discusses several U.S. Internal Revenue Service (IRS) rulings that govern depreciation and inventory. It highlights the depreciation deductions that a dental dealer can claim, and the tax laws that allows a dental manufacturer or dealer to disregard gains or losses on the exchange of business property.


Related Articles

  • A nasty surprise. Leander, Ellen // Treasury & Risk Management;Sep96, Vol. 6 Issue 5, p13 

    Reports on the US Internal Revenue Service's issuance of a new lease-agreement tax regulations effective three business days after they were announced in June 1996. Effects on large companies that do facility and transport leasing; Provisions of the new regulation.

  • Lease stripping guidance.  // Practical Accountant;Dec95, Vol. 28 Issue 12, p20 

    Reports on the US Internal Revenue Service's (IRS) issuance of Notice 95-53 discussing certain tax consequences of lease stripping transactions.

  • Sale Leasebacks and Other Matters of Form. Wood, Robert W. // M&A Tax Report;Apr2013, Vol. 21 Issue 9, p3 

    The article offers information on the leasing transactions and sales leasebacks offered by the Internal Revenue Services (IRS) in the U.S. As mentioned, these transactions include lease-in, lease-out (LILO) and sale-in, lease-out (SILO) which are considered to be complex and high-stakes leasing...

  • Final Section 467 Regulations Present Problems and Opportunities. Lipton, Richard M. // Tax Executive;Sep/Oct99, Vol. 51 Issue 5, p428 

    Discusses the effect of the section 467 regulations, promulgated by the United States Internal Revenue Service, on any corporation entering into a lease. Overview of the section 467 regulations; Section 467 rental agreements; Calculation of proportional rental amount; Treatment of disqualified...

  • Lock in tax breaks for short-term rentals.  // Small Business Tax Strategies;Oct2014, Vol. 9 Issue 10, p6 

    The article focuses on the taxation system for rental real estate. It says that passive activity loss (PAL) rules can be side-step to tax law exception for short-term rentals. In addition, it mentions that the U.S. Internal Revenue Service (IRS) considers the rental operation to be a business if...

  • IRS: Lease Arrangement Won't Cause Bonds to Be PABs. Jagoda, Naomi // Bond Buyer;12/2/2013, Vol. 122 Issue 34020, p1 

    The article focuses on the report of U.S. Internal Revenue Service private-letter ruling, which highlights that a lease arrangement in which an authority issued bonds are leased to the state by finance facilities. It further highlights that the arrangement will not cause the bonds to be...

  • CHAPTER 1: Tax Deduction Basics for Landlords.  // Every Landlord's Tax Deduction Guide (9781413312775);2010, p3 

    The article discusses the fundamentals of tax deduction for U.S. landlords. It mentions that landlords are required to pay income taxes on rental income and profits earned on property sales, property taxes, and, for some instance, Social Security and Medicare taxes. It states that they can also...

  • Passive Loss Limitation. Druckman, Amanda // Journal of Property Management;Jul/Aug2003, Vol. 68 Issue 4, p8 

    Focuses on the 1986 Tax Reform Act and the Budget Reconciliation Act of 1993 in the U.S. that contained passive loss limitation provisions. Impact on real estate rental activity; Requirements for taxpayers by regulations released by the Internal Revenue Service; Views of the Institute of Rental...

  • IRPAC criticizes 1099 reporting expansion.  // Accounting Today;12/13/2010, Vol. 24 Issue 16, p13 

    The article reports on the call for changes in the U.S. Internal Revenue Service's (IRS) information reporting rules, including the health care reform bill provision that mandates expanded 1099 information reporting for businesses.


Read the Article


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

Try another library?
Sign out of this library

Other Topics