- November 24, 2014
- Wayne Naegele
- Author's Bio
- Blog Posts, Uncategorized
- 0 Comments
FAQ: What is the new de minimis safe harbor for tax expensing?
Businesses generally want to write off costs more quickly, to reduce their taxable income and their tax burden. One mechanism for accomplishing this is to deduct the costs of depreciable property rather than capitalizing them. Under Code Sec. 179, taxpayers can expense a prescribed amount of their costs for tangible depreciable property, even if the […]
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