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Old 08-21-2003, 02:45 AM
Robert Thompson - OhioTaxMan
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Default Re: Can computer software be deducted under section 179 for Corp-S?

"Dean Gilger, EA CPA" <degilger[at]comcast.net> wrote:
- quote -

> "Steve Woodard" <stevew99[at]yahoo.com> wrote:

> > 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


Also note that any software with a limited life of less than
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."

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  #1  
Old 08-16-2003, 02:27 AM
Don Rosenberg
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Default Re: Can computer software be deducted under section 179 for Corp-S?

"Steve Woodard" <stevew99[at]yahoo.com> wrote:

- quote -

> Can computer software be deducted under section 179
> for Corp-S?


The 2003 Act adds off-the-shelf software to the property
eligible for 179 treatment.

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Old 08-16-2003, 01:11 AM
Dave Woods, EA
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Default Re: Can computer software be deducted under section 179 for

"Steve Woodard" <stevew99[at]yahoo.com> wrote:

- quote -

> Can computer software be deducted under section 179
> for Corp-S?


It can now. At least it can subject to the same limitations
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.

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  #-1  
Old 08-15-2003, 01:04 AM
Steve Woodard
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Default Can computer software be deducted under section 179 for Corp-S?

Can computer software be deducted under section 179
for Corp-S?

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Tags
179, computer, corps, deducted, section, software
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