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Ar Tax for Et 179a Form

Ar Tax for Et 179a Form

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What's up everybody? My name is Ryan, I'm a  CPA, and today I wanted to briefly talk about   the Section 179 deduction again. I know I have a  video on it already, and I've been getting a lot   of comments and emails from that video, and I've  been seeing you know, this being talked about all   over the Internet. About how you can use the  Section 179 deduction to your advantage. And   yeah I just wanted to give a brief update, or like  kind of a retouch on maybe why it's a good idea,   why it's a bad idea. If you're not familiar  with the Section 179 deduction it allows you to   depreciate certain assets fully in the first year  that you purchase it. And this is obviously for   business owners only. So if you have a business  let's say you want to buy some piece of equipment,   usually you'd depreciate it over like seven  years, you know the cost of the equipment.   But with Section 179 it gives you the ability to  take the deduction in the first year of pu

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