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Sec. 179 expensing election.

Publication: The Tax Adviser
Publication Date: 01-OCT-02 		Format: Online - approximately 591 words
Delivery: Immediate Online Access

Article Excerpt
By now, most advisers are familiar with the 30% additional first-year depreciation rule for qualified assets placed in service after Sept. 10, 2001. Advisers try to keep clients up to date on complicated tax law issues, especially potential tax savings ideas. Telling a client about the new depreciation is informative, but beyond identifying qualified property, advisers cannot offer much more. However, real value still comes from making the most out of the Sec. 179 expensing election.

Basically, Sec. 179 allows clients to elect to expense up to...

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