Tax Guru – Ker$tetter Letter

Helping real people win the tax game.

Archive for December 8th, 2003

Posted by taxguru on December 8, 2003

Posted in Uncategorized | Comments Off on

Tax cuts are not a do it yourself project.

Posted by taxguru on December 8, 2003

Posted in Uncategorized | Comments Off on Tax cuts are not a do it yourself project.

Used Vehicles Qualify For Section 179

Posted by taxguru on December 8, 2003

One of the most common questions I am still receiving is whether the Section 179 expensing election is only available for the purchase of brand new assets or whether things such as used vehicles qualify. The answer is still the same. The asset just has to be new to you. You can claim the deduction for items purchased from anyone other than yourself or an entity controlled by you, such as a closely held corporation.

Posted in 179 | Comments Off on Used Vehicles Qualify For Section 179

Posted by taxguru on December 8, 2003

Treasury Renews Campaign for Tax-Free Savings Accounts – This kind of thing makes sense for various capitalist and fairness reasons. It’s also another perfect example of how fluid the tax environment is. Long range tax and financial planning has more unknown future variables to contend with than the weather has. However, it’s still very premature to count on these proposed breaks becoming real. They still have to survive the guaranteed onslaught of “tax breaks for the rich” propaganda from the lefties who want us all to believe that only evil rich people can afford to put anything into savings accounts.

Posted in Uncategorized | Comments Off on