Discuss the reinstatement of section in the tax year

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Reference no: EM131781218

Assignment: Section 179 of the Internal Revenue Code

Under section 179 of the IRS tax regulations, you may elect to recover all or part of the cost of certain qualifying property, up to a limit, by deducting it in the year you place the property in service. This is called a section 179 deduction. You can elect the section 179 deduction instead of recovering the cost by taking the depreciation deduction.

Required: Discuss the reinstatement of Section 179 in the tax year 2014. Argue that the re-instatement of Section 179 in the tax year 2014 will help to stimulate the U.S. economy.

Reference no: EM131781218

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Discuss the reinstatement of section in the tax year : Assignment: Section 179 of the Internal Revenue Code - Discuss the reinstatement of Section 179 in the tax year 2014
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