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Recent changes to the standards for performing preventive maintenance have raised a lot of questions. The majority of these questions come from the fact that the governing bodies have deferred to the OEM for the preventive maintenance schedule. Not a big deal, right?
Take advantage of Tax Code 179 and deduct the full purchase price of new and used equipment up to $500,000. Section 179 of the IRS Tax Code allows businesses to deduct the full purchase price of qualifying equipment and/or software purchase or financed during the tax year.
