IRS Section 179

Tax Savings in 2007

Your customer may be eligible for a big tax break this year on your deal.

Deal with ICL lease financing can qualify as well.

IRS Section 179

Under IRS Section 179, equipment purchases, up to $112,000, can be

expensed (deducted from taxable income) if installed by December 31^st, 2007.

Finance lease ($1.00 buyout) qualify for this deduction in their year of inception.

Qualifying property now also includes off-the-shelf computer software.

Any purchase in excess of $450,000 (2007 threshold) reduces the $112,000 Section 179 limit.

The total cost of property that may be expensed for any tax year cannot exceed the total amount of taxable income (determined after application of the investment limitation) derived from the active conduct of any trade of business during the tax year.