Tax Guru – Ker$tetter Letter

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Section 179 For Large Employers

Posted by taxguru on May 15, 2007

 

Q:

Subject: Section 179

Hi,

Is there a Section 179 phaseout on the # of employees a business has?

 

Thank you,

 

A:

No. There has never been a direct link between Section 179 and the number of employees. 

It is generally assumed that companies too large to be eligible for this special “small business” tax break will automatically lose it via the $450,000 of new property rule.

Kerry Kerstetter

 

 

 

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