Tuesday, December 16, 2008

Tax Planning Before Year-End - Bonus & Section 179 Depreciation Deductions

The Bonus Depreciation provision allows you to depreciate 50 percent of the adjusted basis of certain qualified property during the year that the property is placed in service.

To take advantage of this bonus depreciation provision for 2008, you must place the property in service (that is, buy it and have it operating) after December 31, 2007 and before January 1, 2009......................


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