Do's and Don'ts of Section 179 Featuring Steve Pierson

Section 179 of the IRS tax code has been around for decades, and it can be an effective strategy for lowering your tax liability year to year. In this program, find out what the deduction limit is for the 2022 tax year, and learn the nuances of Bonus Depreciation and how it differs from Section 179. Using these tools comes with rules, and it can get confusing – that's why we're talking to tax expert, Steve Pierson, shareholder/partner at Selden Fox accounting firm in Oak Brook, Illinois. He's been educating equipment dealers for decades ... and was a featured panelist at IEDA's 2022 Annual Meeting last February. Section 179 has great implications for an independent dealer's rental fleet, and it can be a great incentive to drive year-end sales this month. Do your customers know that the equipment they buy from you is tax deductible? Learn what's new, what kind of equipment qualifies, and how to take advantage of this small business tax benefit.   Selden Fox: https://www.seldenfox.com/our-people/steven-pierson/ LinkedIn: https://www.linkedin.com/company/selden-fox-ltd-/about/ Visit IEDA: https://www.iedagroup.com/   Produced by: https://socialchameleon.us/