"Before you start scratching your head while scrolling down the page looking for sections 1 through 178 I am referring to the US IRS Code.

It’s day 2 of the 4^th quarter rush and a lot of the new recruits have no idea why it gets so crazy in the office during this time. Most have to do with the general flow of business Equipment Seller are sending out promos to try and move inventory for a strong year end close; while one of the other major reasons is the tax benefits associated with financing during this time.

Technical… Section 179 of the United States Internal Revenue Code (26 U.S.C. § 179), allows businesses to immediately deduct the cost of certain types of property on their income taxes, as an expense (rather than requiring the property to be capitalized and depreciated). This property is generally limited to tangible personal property such as equipment and vehicles. Buildings are not eligible for section 179 deductions. Depreciable property that is not eligible for a section 179 deduction is still deductible over a number of years through MACRS depreciation."