Frank DiPaola, EA

Frank DiPaola, EA

Tax Accountant
 Tax Form Processing LLC 
FOR THE TAXPAYERSM
www.TaxFormProcessing.com
2400 N Forsyth Road Suite 101
Orlando, FL 32807-6445
What's NEW for Tax Year 2006?
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Section 179 Expense for Tax Year 2006

The maximum allowable expensing for certain "qualifying business property" under Internal Revenue Code (IRC) §179 has INCREASED to $108,000 for tax year 2006. The phase-out threshold increases to $430,000.


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