Tax Reduction Letter - Apply Section 179 Expense against W-2 Income

Article Date:

May 2009

Word Count:

644

Apply Section 179 Expense against W-2 Income

One of our writer/researchers was sitting in a CPA’s office the other day and mentioned that the business taxpayer can write off Section 179 expenses against W-2 income when income from the business is exhausted.

The CPA told our writer/researcher that he was totally wrong. To prove it, he turned on his $8,000 tax preparation software and showed how this software said that the limit was business income.

Undaunted by this $8,000 tax preparation software, our writer/researcher told the CPA ... Log in to view full article.

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