Take Your Tax Deduction Now Before it is Too Late!

Up to $19,000.⁰⁰ in 1998

• Your computer purchases may qualify for 1998 tax deductions
• Business Owners
• Personal and Home Users

Business Owners:

Write off up to $19,000.⁰⁰ off gross income for 1998 -- IRS rules let every business owner write off the entire cost of equipment leased with a $1.⁰⁰ buy-out during 1998. For a $482.⁰⁰ computer lease payment in December 1998, you can get a $19,000.⁰⁰ tax write off for 1998. Please see example below.

Example:

• Computer Equipment Cost: $19,000.⁰⁰
• Monthly Lease Payment: $482.⁰⁰ (60-month term, $1.⁰⁰ Buy-Out)
• Shorter-term lengths available.
• On a 30% tax bracket, you get $4,500.⁰⁰ lower overall tax bill for the year.

Any capital equipment cost above $19,000.⁰⁰ must be depreciated. Ask your tax advisor to take this deduction – refer to Section 179 of IRS Tax Code. Please read the note below.

Personal Home Computer Systems:

If you invest in a computer for the personal purposes of accounting to track tax obligations, income tax preparation, personal finances, stock purchases, investment research on the Internet, you may qualify for a tax deduction.

Note

Information presented here is intended to inform you of possibilities and may not pertain to your specific situation. As each business and individual tax and accounting situation is different, we defer and recommend all your tax maters be discussed with your tax advisor prior to making any investment.