ultrarunner
Epic Contributor
- Joined
- Apr 6, 2004
- Messages
- 28,104
- Tractor
- Cat D3, Deere 110 TLB, Kubota BX23 and L3800 and RTV900 with restored 1948 Deere M, 1949 Farmall Cub, 1953 Ford Jubliee and 1957 Ford 740 Row Crop, Craftsman Mower, Deere 350C Dozer 50 assorted vehicles from 1905 to 2006
Just wondering if investment Tax Credits on equipment still exist and/or worthwhile.
I know a few years ago... there were some very attractive business credits on equipment purchases... my brother bought a new truck for his business and was able to make out very well.
For the first time since I can remember, my CPA told me that I am due a tax refund... I'm always the one that comes up short each year... so I was a little surprised... although I should have seen it coming with business down last year.
I don't like quarterly payments... so I pay everything for the year at one time... I know all the reasons why this is not the brightest idea... it just keeps my humble being broke instead of thinking I have extra money in the bank when in reality I will need it for my quarterly payments.
Been looking at the B26 and L39 Kubota TLB's for awhile... maybe with my refund the timing is right?
Just came across this story about Income Tax:
http://finance.yahoo.com/news/Nearly-half-of-US-households-apf-1105567323.html?x=0
I know a few years ago... there were some very attractive business credits on equipment purchases... my brother bought a new truck for his business and was able to make out very well.
For the first time since I can remember, my CPA told me that I am due a tax refund... I'm always the one that comes up short each year... so I was a little surprised... although I should have seen it coming with business down last year.
I don't like quarterly payments... so I pay everything for the year at one time... I know all the reasons why this is not the brightest idea... it just keeps my humble being broke instead of thinking I have extra money in the bank when in reality I will need it for my quarterly payments.
Been looking at the B26 and L39 Kubota TLB's for awhile... maybe with my refund the timing is right?
Just came across this story about Income Tax:
http://finance.yahoo.com/news/Nearly-half-of-US-households-apf-1105567323.html?x=0
