[AlpacaTalk] Fw: [AlpacaFarms] section 179 extension

Please allow this post from D. Colby
----- Original Message -----
From: "D Colby" <DColby@direcway.com>
To: <AlpacaFarms@yahoogroups.com>
Sent: Wednesday, December 21, 2005 2:06 PM
Subject: Re: [AlpacaFarms] section 179 extension

> http://taxguru.org/incometax/Rates/Sec179.htm
> http://www.irs.gov/formspubs/article/0,,id=109879,00.html
> http://www.fixedassetinfo.com/features.asp
> http://www.turbotax.com/articles/WatchforaHiddenPitfallintheSection179Deduction.html
> http://www.selfemployedweb.com/section-179-pitfalls.htm
>
> As always, consult a qualified tax accountant.
>
> David Colby
> Weminuche Huacaya Alpacas
> Platteville CO 80651
> 970.405.4597
> dcolby@direcway.com <mailto:dcolby@direcway.com>
>
> disclaimer: Have a degree in accounting, but don't to know how to use it.
>
>
> Elwin Bagley wrote:
>
>> There were a couple of skeptic replies to the extension message.
>>
>> Here is the exact quote from the news..
>>
>>
>> Extension of Generous "Section 179" Instant Depreciation Writeoff
>> The new law extends the current Section 179 instant deduction
>> allowance ($100,000 with annual increases for inflation) for two more
>> years — through tax years beginning in 2007. Under this valuable
>> break, many small businesses can immediately deduct the entire cost of
>> most equipment and software additions.
>>
>> For years beginning in 2008 and beyond, however, the maximum Section
>> 179 deduction will fall back to only $25,000 unless Congress takes
>> further action.
>>
>> Elwin
>>
>>
>>
>>
>>
>>
>> To link to the alpaca groups visit:
>>
>> http://groups.yahoo.com/group/alpacafarms
>>
>>
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>
>
>
> To link to the alpaca groups visit:
>
> http://groups.yahoo.com/group/alpacafarms
> Yahoo! Groups Links
>
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