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Article Date:
September 2008


Word Count:
407

 

 

Court Recaptures Section 179 Deductions


When you claim Section 179 expensing on a business truck or SUV, you make a deal with the government. Your part of this contract requires that you

 

·

keep your business use greater than 50 percent over the asset’s depreciation class life, and

·

keep the records that prove you achieved this business use.

 

Michael Birdsill learned both of these lessons the hard way when he lost his case in court.1

 

Mr. Birdsill placed a GMC Suburban into business use in 2002 and deducted depreciation and ... Log in to view full article.

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