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Is buying a van for my business tomorrow (last day of year) advantageous?

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Jordan WoodworthIs buying a van for my business tomorrow (last day of year) advantageous?
by on Dec 31, 2009 at 6:29:54 am

My new year's resolution is to get my business taxes all figured out...but until then I'm wondering, I need to buy a van and have found the perfect one at a local dealership...will buying it in '09 (so tomorrow will be the day) be advantageous for my taxes, or since I'm not necessarily in any huge rush, should I just wait 'til 2010?


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Steve WargoMaybe
by on Dec 31, 2009 at 9:27:44 am

There is a huge deduction available for 2009. You can take a one-time deduction of up to $250,000. The van could fall into this catagory.

Steve Wargo
Tempe, Arizona
It's a dry heat!

Sony HDCAM F-900 & HDW-2000/1 deck
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Mike CohenRe: Maybe
by on Dec 31, 2009 at 4:00:40 pm

Here is what look like the deduction Steve mentioned, with a handy calculator. Obviously make sure your CPA does the actual figuring:

http://www.crestcapital.com/tax_deduction_calculator



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Steve WargoThanks Mike
by on Jan 1, 2010 at 9:45:14 am

It's appreciated

Steve Wargo
Tempe, Arizona
It's a dry heat!

Sony HDCAM F-900 & HDW-2000/1 deck
5 Final Cut (not quite PRO) systems
Sony HVR-M25 HDV deck
2-Sony EX-1 HD .

Ask me how to Market Yourself using Send Out Cards


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