With all the talk of bailouts and government takeovers, you may have forgotten that the government offered a stimulus to you that’s still available anytime before midnight of December 31, 2008. To take advantage as a calendar-year taxpayer, you need to buy and place in service a business vehicle, business equipment, or a business-related building before the end of the year. Such purchases can generate the following bonuses:
Fifty percent bonus depreciation
Section 179 expensing of up to $250,000
An increase in first-year ... Log in to view full article.