For most business owners faced with questions on how to depreciate their fixed assets, usually the most common response is to expense as much as possible using Section 179 and then depreciate the remaining portion using MACRS. This makes sense and usually saves considerable tax in the current year; however, you might want to put some more thought into that question the next time your CPA calls when working on your tax return as there are some additional considerations that you should be aware of…
Posts Tagged ‘depreciation’
To 179 or Not to 179
Posted in S-Corporations, Tax Planning, tagged CPA, depreciation, S-Corporations, Sec 179, Tax Planning on July 16, 2008 | 1 Comment »
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