Tax Guru – Ker$tetter Letter

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Not For Do-It-Yourselfers

Posted by taxguru on June 11, 2005

Q:

Subject: Sec. 179
 
Hello Kerry Kerstetter,

Have a question for you. Forgive my lack of knowledge, but for a small family owned C corp, what exactly falls under Section 179?

Can I classify new office computers purchased/financed? Company car (under 6K lbs) financed? Office renovations such as new carpet, paint, etc.?

 

A:

I have posted extensive info on what qualifies for Section 179 on my website.

You really need to be working with a tax pro for this kind of thing.  Operating a business without a competent professional tax advisor is just asking for trouble.

Good luck.

Kerry Kerstetter

 

This entry was posted on June 11, 2005 at 6:41 PM and is filed under 179. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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