The § 179 Deduction Can Exceed $510,000 in 2017 If

question 44

True/False

The § 179 deduction can exceed $510,000 in 2017 if the taxpayer had a § 179 amount which exceeded the taxable income limitation in the prior year.

---

Definitions:

Small Business Administration

A U.S. government agency that provides support to entrepreneurs and small businesses, including loans, grants, and resource guides.

Internal Revenue Service

The U.S. federal agency responsible for the administration of tax laws and the collection of taxes, commonly referred to as the IRS.

Interstate Commerce

Commercial transactions or transportation of goods that cross state boundaries, regulated by federal authority in many countries.

Technological Controls

Systems and procedures implemented to secure technology infrastructure and manage information assets effectively.