Q: Can you take Section 179 depreciation on used equipment? Where is this deduction explained in the IRS rules? I’ve been struggling through Publication 946 and can’t find any requirement that the equipment has to be new to qualify for the deduction.
Posted on
May 07, 2012
Jacqueline Crosby has been an NASE Member since 2011. She owns Crosby Legal Seminars in Newton, N.J.
Posted on
May 07, 2012
In an unprecedented 5 ½ hours of oral questioning, the Supreme Court recently heard the challenge to President Obama’s biggest legislative accomplishment in his presidency, the Patient Protection and Affordable Care Act.
Posted on
May 07, 2012
Today, the House Ways and Means Committee is holding a hearing on the exploration of expiring tax cut for small business owners. The NASE took this opportunity to submit a statement for the record regarding the importance of the continuity of these tax benefits.
Posted on
Apr 26, 2012
NASE submitted the below statement for the record in an effort to ensure that the House Ways and Means Committee move forward on tax reform that encompasses the self-employed community, specifically, the individual income tax rate, health insurance premium deduction, and the start-up deduction.
Posted on
Apr 25, 2012
For the past decade, advocates for the home-based workforce have sought to give taxpayers the option to check a box for a standard $1,500 home office write-off. That would save them the tricky business of calculating what percentage of the home is dedicated to business—and therefore what share of rent, insurance, utilities, and maintenance costs can be deducted.
Posted on
Apr 16, 2012
“We’re much more interested in tax laws that impact the 22 million self-employed Americans who aren’t household names but who create a whole lot more jobs than Mr. Buffett,” said Kristie Arslan, president of the National Association for the Self-Employed.
Posted on
Apr 15, 2012
Tax fairness is a top priority for the National Association for the Self-Employed, but we're much more interested in tax laws that impact the 22 million self-employed Americans who aren't household names but who create a whole lot more jobs than Mr. Buffett.
Posted on
Apr 11, 2012
Today, President Obama will sign H.R. 3606, the bipartisan JOBS Act, a package of bills aimed at supporting small business and start-up growth. In a rare bipartisan moment, Senate and House leaders moved relatively quickly to pass the act after President Obama acknowledged his support of the package during his State of the Union speech in January.
Posted on
Apr 05, 2012
Partisanship in Washington has risen to an all-time high and “politics as usual” has come to mean complete gridlock, where the most basic legislation falls flat because of political gamesmanship. That’s why the bipartisan jobs bill headed to the president’s desk for approval is such a breath of fresh air.
Posted on
Apr 03, 2012