TITLE

Big-ticket purchases can reap big tax savings

AUTHOR(S)
GREENBERGER, ROBERT N.; BELKNAP, CHRISTOPHER
PUB. DATE
May 2012
SOURCE
Medical Economics;5/10/2012, Vol. 89 Issue 9, p37
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article offers information on the methods of depreciation that can provide medical practices with tax benefits. It states that Section 179 depreciation helps in deducting income uptill 500,000 dollars anything over is carried over to the following year to offset future taxable income. It mentions that bonus depreciation can reduce your taxable income to less than zero dollar and subsequently has no carryover provision.
ACCESSION #
77593259

 

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