Tax Guru-Ker$tetter Letter
Saturday, June 11, 2005
Not For Do-It-Yourselfers
Q:
Subject: Sec. 179Hello 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
Labels: 179