Section 179 Allows Taxpayers to Immediately Expense Up to $510,000

question 59

True/False

Section 179 allows taxpayers to immediately expense up to $510,000 for 2017 of the cost of real and personal property placed into service in a trade or business,subject to limitations.

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Definitions:

Recruitment

The process of finding, attracting, and hiring candidates for a job or role within an organization.

Lost Revenue

The amount of money that a company fails to earn due to factors such as lost sales, business opportunities, or production downtime.

Sarbanes-Oxley

It is a United States federal law that set new or expanded requirements for all U.S. public company boards, management, and public accounting firms, with the aim of improving corporate governance and accountability.

Whistleblower Protection

Laws and policies designed to protect individuals who expose illegal or unethical activities within their organizations from retaliation.