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.

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Definitions:

Direct Attention

The process of focusing mental resources on specific information or activities.

Management by Objectives

A method of performance management in which managers collaborate with their employees to establish, track, and accomplish distinct goals.

Business Operations

The day-to-day activities involved in running a business, including production, sales, and administration.

Business Opportunities

Potential economic activities or ventures that can lead to profitability and growth.