[Equest-users] 2014 retroactive 179d extension

Patrick J. O'Leary, Jr. poleary1969 at gmail.com
Mon Dec 22 16:43:22 PST 2014


if you haven't heard the section 179d tax deduction was retroactively 
extended from dec 31, 2013 to dec 31, 2014.

http://www.section179.org
**

*Updated Dec 19, 2014* -  It's official. *H.R. 5771: Tax Increase 
Prevention Act of 2014 (aka Tax Extenders Act)* retroactively expanding 
the Section 179 deduction limits thru 12/31/2014 has been enacted. The 
new law reinstates the limit on Section 179 to $500,000 as well as 
reinstates 50% Bonus Depreciation.

The measure was passed by the House on Dec 3, 2014, the Senate on Dec 
16, 2014, and signed into law by the President on Dec 19,2014. Click 
here for the official announcement: 
http://link.crestcapital.com/hr5771enacted

IMPORTANT NOTE> Only this 2014 tax year is covered by this measure - 
therefore it is a good business decision for many to finance equipment 
immediately to make the December 31, 2014 cutoff for the write-off 
provisions. Your business must apply for Section 179 Qualified Financing 
<http://www.crestcapital.com/section_179_bonus> as soon as possible to 
make the cut-off at midnight 12/31/2014.

Technically, the bill is a one-year, retroactive extension of the tax 
breaks, even though it only lasts through the end of the month. This 
site will be updated to reflect these changes shortly. The Section 179 
Calculator is already fully updated. Click Here for fully updated 
Section 179 Calculator. 
<http://www.section179.org/section_179_calculator.html>

-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://lists.onebuilding.org/pipermail/equest-users-onebuilding.org/attachments/20141222/ccd8364f/attachment-0001.htm>


More information about the Equest-users mailing list