Businesses that buy wind turbogenerators get a tax break by way of accelerated depreciation.
But there's a big exception that can make accelerated depreciation more valuable, not less.
Note that if the accelerated depreciation rules are temporary, then the long-term impact may be muted.
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Finally, the continuation of Section 179 and accelerated depreciation are a good incentive for considering more investments.
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Accelerated depreciation is better than nothing, I suppose, but it's nevertheless out of touch with today's need for speed.
The other problem with accelerated depreciation is that it defers, not eliminates, tax.
Many CPAs believe that accelerated depreciation isn't worth the hassle for small landlords.
It excluded those tax breaks for businesses that report their income on individual returns, so left out preferences such as accelerated depreciation.
The president is asking for some kind of accelerated depreciation for businesses.
If you decide to use accelerated depreciation, can you do it yourself?
Passing tax cuts and extending accelerated depreciation have boosted the economy.
But would the end of accelerated depreciation specifically hurt auto manufacturers?
Whether you do taxes yourself or use a tax pro, you should at least consider accelerated depreciation, particularly now that software makes tracking and calculations easier.
Accelerated Depreciation the Senate deal provides for 50 percent expensing for qualifying property purchased and placed in service before January 1, 2014 (and January 1, 2015 for certain long-term assets and transportation).
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In last night's State of the Union message, President Obama tipped his hat to small businesses with an extension of accelerated depreciation, tax credits for hiring people, and a cut in capital-gains taxes for investments in small business.
These relocation expenses are associated with accelerated depreciation of property and equipment, incremental rent during a transition period (the move will occur in the second quarter), and payments related to terminating leases for certain floors in existing buildings.
In addition to the depreciation and expense allowances, said Bacigalupo, accelerated depreciation for young racehorses continues through 2013: taxpayers can depreciate racehorses that are 24 months and younger when purchased and placed in service using a three-year schedule rather than the previous seven-year schedule.
That, however, did not stop its net losses from mounting as it accelerated the depreciation of its outdated Nextel network and incurred other one-time expenses related to the shutdown.
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It is highly likely that a good portion of this money will make its way towards reinvestments in new farm machinery that can enjoy accelerated capital depreciation under the tax code if purchased before the end of this year.
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For example, MMA Renewable Ventures and its investors enjoy a 30% tax credit, have the benefit of accelerated capital depreciation schedules, and sell solar energy credits generated by the project to NV Energy, which must obtain 20% of its power from renewable sources by 2015.
But instead, Kelly found a Web site, Depreciate'em, that convinced him it was worth claiming depreciation the more complicated, accelerated way: You break the property into components and group those that theoretically don't last as long into writeoff periods of 15, 7 or even 5 years.
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