What you need to know about Section 179

Henry, Kevin
November 2010
Proofs;Nov2010, Vol. 93 Issue 5, p19
Trade Publication
An interview with Valley Dental Supply sales representative Bob Frein is presented. He reveals that most dentists in the U.S. have no idea about Section 179 of the U.S. Internal Revenue Service (IRS) tax code and how it can benefit them or their practice. He discusses the main points of Section 179 which allows businesses to deduct the full purchase price of qualifying equipment purchased or finance during the tax year. Frein also describes the training given to Valley Dental Supply representatives about Section 179.


Related Articles

  • IRS alters demo tax policy. Harris, Donna // Automotive News;12/3/2001, Vol. 76 Issue 5960, p4 

    Reports the simplification of Internal Revenue Service regarding rules on demonstrator use for salespeople in the United States. Effectivity of the Revenue Procedure; Benefits of the dealers from the procedure; Process of obtaining the full tax exemption for the salesperson doing demo outside...

  • You owe the IRS--It's not hopeless. Roberts, William A. // American Salesman;Sep93, Vol. 38 Issue 9, p10 

    Focuses on the mechanics of an Internal Revenue Service (IRS) policy called an Offer in Compromise (OIC) as a solution to the tax problems of sales agents. Definition of OIC; Pitfalls to OIC; Collateral Agreement; Other solutions; Installment Agreement; Bankruptcy; Employment of an accountant...

  • The freelancer tax-trap. Perry, Phillip M. // Folio: The Magazine for Magazine Management;2/15/95, Vol. 24 Issue 3, p44 

    Discusses taxation issues pertinent to independent advertising sales representatives. IRS' reclassification of independent contractors; Company's burden of proof as to independent contractor status; Implications to publishers.

  • IRS says moving allowance is non-taxable.  // All Hands;Oct95, Issue 942, p2 

    Reports that the Internal Revenue Service (IRS) has ruled on Temporary Lodging Allowance (TLA), Temporary Lodging Expense (TLE), Dislocation Allowance (DLA) and Move-in Housing Allowance (MHA). Details of statement issued by IRS.

  • NFIB campaign to abolish the IRS code gains steam.  // Business Credit;Mar1998, Vol. 100 Issue 3, p69 

    Reports that the NFIB's Campaign to abolish the IRS Code was endorsed by Trent Lott, Senate Majority Leader and Newt Gingrich, Speaker of the House and a bipartisan group of federal legislators in the United States.

  • The statistics corner: Information from tax returns: The statistics of income program of the... Petska, Tom; Scheuren, Fritz // Business Economics;Jul92, Vol. 27 Issue 3, p66 

    Part II. Describes the short-term modernization of work processes of the US Internal Revenue Service. Restructurization of management practices; Program timeliness; Tracking of demographic changes; Data access; Conceptual consistency of data items.

  • Threshold for T&E substantiation raised.  // CPA Journal;Dec95, Vol. 65 Issue 12, p10 

    Looks at the Internal Revenue Service (IRS) establishment of a threshold for substantiation. Description of threshold; Examination of undeductible expenses; What expenses are related to.

  • New market segment audit guides issued.  // CPA Journal;Jan1996, Vol. 66 Issue 1, p8 

    Presents information on market segment specialization program (MSSP) audit technique guides which were issued by the Internal Revenue Service (IRS). What the automobile repair guide instructed; How industry works; Other suggestions on specific industries.

  • `Lease strips' don't work per IRS.  // CPA Journal;Feb96, Vol. 66 Issue 2, p75 

    Reports that the United States Internal Revenue Service has announced it will be issuing regulations to nullify the tax effects of lease strips. Approaches the IRS may use.


Read the Article


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

Try another library?
Sign out of this library

Other Topics