Stuart O. Bronstein wrote:

- quote -

And, I would note, with the increase in Section 179
expensing and the general prohibition on its use by
noncorporate lessors, there may be some very new factors to
consider when making that decision.

--
Ed Zollars, CPA
Phoenix, Arizona

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wscook[at]yahoo.com (William S Cook) wrote:

- quote -

This is common with real estate. It's also been used as a
way to channel taxable income to kids who are in a lower tax
bracket.

But you need to check with your tax advisor to determine if
it's a good idea in your specific circumstances.

Stu

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Read some where about personally purchasing an expensive
needed piece of business equipment and leasing it to your
own corporation allowing both depreciation of the equipment
and an acclerated expense writeoff at the same time through
the corporation. Can anyone advise how to do this?

Thanks
wscook

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