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179 deduction - email your Congressman/Senator
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GOMSK
Posted 12/15/2015 06:02 (#4960705 - in reply to #4960686)
Subject: RE: 179 deduction - email your Congressman/Senator


Your missing the point, an operation that knows it has income and can generate new income year after year can definetly use this to their advantage. The little guys or the guys who have made little to no money farming the past two years should not be using Section 179 because they don't want to pay taxes. Their ability to create new income this next year looks bleak. SAT is trying to help out those who have been less fortunate over the past few years by compounding their losses and having them go buy something they didn't need because the didn't want to give it to Uncle Sam.

It's just a warning to some, it may not be to you, and does not apply to all, but each individual needs to look at it and see if it is going to hinder payments on future operations or on repayment of loans. We're coming to a point where paying the taxes and having the available cash could be crucial.
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