Section 179

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  • #177398
    scootter
    Member

    I know this topic has been discussed before, but I was hoping someone may have additional information regarding whether to use the $139,000, with phase-out starting at $560,000, or the $500,000, with phase-out starting at $2,000,000, for the 2012 tax year (given that the numbers for 2012 were revised earlier this year). By the way, I did e-mail the Gleim people about this, and their response was to use the newer numbers (500,000 & 2,000,000). However, I saw a post on here from Jeff where he said to use the earlier number. Any information would be appreciated, my test is Friday.

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  • #411853
    jeff
    Keymaster

    I'm sticking with $139k/$560k unless some provider has a legit reason to point to for pre-July numbers.

    AUD - 79
    BEC - 80
    FAR - 76
    REG - 92
    Jeff Elliott, CPA (KS)
    NINJA CPA | NINJA CMA | NINJA CPE | Another71
    #411854

    Roger updates say the same as Jeff. Then starting July 2013 use 2013 amounts through 2014. Good luck tomorrow!

    CA CPA - All because of the journey listed below
    -----------------------------------------------------------------------
    FAR - 53('10), 8/25/12 79 PASSED!
    REG - 66('11), 69('12), 12/06/12 77 PASSED!!
    BEC - 58('10), 74('12), 01/05/13 77 PASSED!!!
    AUD - 43('11), 66('12), 69('13), 74('13) 7/29/13 85 PASSED!!!!!

    (Combinations of Roger, Yaeger, Wiley Book, Wiley TB, & NINJA Notes)

    Ethics 90%

    #411855
    scootter
    Member

    Well, I was gonna flip a coin, but I guess with this feedback I will go with the original numbers. Thanks.

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