Tag Archive: "deferred payment contracts"
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How Do We Plan For Section 179 in 2014
We have done several posts this year on what Section 179 might be for 2014. Currently, Section 179 is limited to $25,000 and it starts to phase-out once the farmer spends $200,000 on farm equipment and is eliminated once the farmer goes over $225,000. For 2014, there is no bonus depreciation, whereas last year farmers […]
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One Possible Section 179 Strategy
We had a reader ask the following question: “Should I wait to buy section 179 property until the date 179 property is raised from $25,000 to whatever?” As we have said in a previous post, who knows when the Section 179 deduction will be raised from $25,000 to “whatever”. In fact, Congress may end up […]
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What About Those 1099s?!
Almost fully back from the rigors of Tax Season, it is now time to start posting on our more usual basis. We got the following question from one of our readers in response to our post on using deferred payment contracts. “What about the 1099 that you would receive from the elevator that would show […]