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| "Dean Gilger, EA CPA" <degilger[at]comcast.net> wrote: - quote - > "Steve Woodard" <stevew99[at]yahoo.com> wrote:
Also note that any software with a limited life of less than> > Can computer software be deducted under section 179 > > for Corp-S? > Off-the-shelf computer software is eligible for 179 election > for tax years beginning after 12/31/02 1 year, as would be for income tax software, can be directly expensed without invoking Section 179. -- ** Working to make "taxes less taxing" ** Ohio Tax Man - Robert Thompson Westerville (Columbus) Ohio My free advice is worth what you pay for it. ![]() Justice Learned Hand said, "There is nothing sinister in arranging one's affairs so as to keep taxes as low as possible. Everybody does so, rich and poor, and all do right. Nobody owes any public duty to pay more than the law demands." << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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| "Steve Woodard" <stevew99[at]yahoo.com> wrote: - quote - > Can computer software be deducted under section 179
The 2003 Act adds off-the-shelf software to the property> for Corp-S? eligible for 179 treatment. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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| "Steve Woodard" <stevew99[at]yahoo.com> wrote: - quote - > Can computer software be deducted under section 179
It can now. At least it can subject to the same limitations> for Corp-S? as any other asset can. -- David M. Woods, EA Boston, MA 02109 Postings here are general information only and not to be relied upon as advice. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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| Can computer software be deducted under section 179 for Corp-S? << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| 179, computer, corps, deducted, section, software |
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