Did you take the Section 179 deduction on the tangible property you bought for your business?
Good move … but be careful!
You see, the deduction comes with strings attached and if you don’t comply with the tax law, Uncle Sam can show up and “recapture” a lot of money.
We’ll show you how to avoid problems and stay on the right side of the law when you read my new article titled Tax Tips: Tax Tips for Avoiding Section 179 Recapture.
Three ways our fact-filled article can help you:
- You’ll learn what happens when you do any of these four things:
- Allow your business-use to drop to 50% or less
- Trade or otherwise exchange your Section 179 property
- Sell your Section 179 property
- Give your Section 179 property to a relative or non-relative
You’ll get the whole story when you read the full article.
- We’ll tell you the sad story of Jerry Jackson. In 2014, Jerry claimed a $53,000 Section 179 deduction on a qualifying pickup truck. But Jerry made one mistake that cost him a bundle. You’ll learn how you can avoid his costly error when you read the full article.
- We’ll show you how to steer clear of five dangerous traps. The IRS has set some nice ones. But don’t worry. We’ll show you how to avoid making four terrible errors that can trigger recapture problems when you read the full article.