Metalworking (rec.crafts.metalworking) Discuss various aspects of working with metal, such as machining, welding, metal joining, screwing, casting, hardening/tempering, blacksmithing/forging, spinning and hammer work, sheet metal work.

 
 
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Cliff
 
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Default Section 179 Tax Deduction

On 1 Feb 2005 23:31:01 GMT, Dan Murphy wrote:

As always talk to your accountant or tax expert.


http://www.taxguide-engineersandarchitects.com/

"If the 2005 Tax and Financial Guide for Engineers & Architects does
not save you an extra $300 or more on your taxes, your money will be
refunded when the book is returned within 30 days."

The 2005 Tax and Financial Guide for Engineers & Architects
For the tax year 2004

This should be a large help for some and a planning guide
for next year for others.

Ever wonder what deductions you may have missed?

Example:
[
SUV Loophole
If you drive a substantial amount for business (say, for commuting at
an out-of-town job), an incredible loophole is open to you. For
example, based on full-time usage, you can deduct up to 100% of the
cost of an SUV (up to $102,000) in just the first year. But you must
buy a large SUV or Pick-Up to take advantage of this tax break.
]

HTH
--
Cliff
 
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