An Internal Revenue Service (IRS) allowance that allows an owner of certain property to deduct the cost of ownership as an expense, rather than requiring the filer to capitalize and depreciate the property's value.
Related information about section 179 expense:
- Section 179 and Bonus Depreciation | Section179.Org
Definitive resource for Section 179 and Bonus Depreciation in plain language - make smart business decisions in 2012 about buying, financing or leasing ...
- Publication 946 (2011), How To Depreciate Property
The maximum section 179 expense deduction that can be elected for qualified section 179 real property is $250,000 of the maximum section 179 deduction of ...
- Section 179 Expenses – How Uncle Sam Lowers the Cost of Your ...
Dec 31, 2011 ... However, certain expenses qualify for the Section 179 expense election. If so, the business can choose (or, in IRS-speak, “elect”) to ...
- Section 179 expense - Bankrate.com
May 30, 2006 ... Get a business tax break now. Use Section 179 expensing to fully deduct the cost of property in the year it is purchased rather than depreciating ...
- Section 179 Definition | Investopedia
The Section 179 expense deduction is limited to such items as cars, office ... For example, in the 2007 tax year, the Section 179 expense can provide a ...
- Treat Section 179 expense same as depreciation? : Linda Keith CPA
Your question: Several of our analysts believe that 179 deductions should be treated like depreciation because it is an election to take the expense rather than ...
- Adjustment for Section 179 Expense Deduction
May 24, 2011 ... The HIRE Act extended the enhanced section 179 expense deduction of $250,000 ($800,000 investment limitation). Session Law 2010-31, ...
- Depreciation: Election to Expense Qualifying Assets ... - Rural Tax
This is known as a Section 179 expense election. There are ... The application of the Section 179 expense elections are outlined below. The Section 179 ...