Tuesday, November 23, 2010

IRS Section 179 and your bottom line

Let Gresham Ford help your bottom line with the IRS section 179.  Section 179 of the IRS tax code allows many business to deduct up to the FULL PURCHASE PRICE of qualifying equipment purchased or financed in the 2010 tax year.  That means that if you buy a piece of qualifying equipment you can deduct up to the FULL PURCHASE PRICE from your gross taxable income in 2010.  Please note the information in this information is provided by Ford Motor Company as a public service to its customers.  It should not be construed as tax advice or as a promise of potential tax savings or reduced tax liability.  For more information about the Small Businss Jobs and Credit Act of 2010 or Section 179 expense write-off, contact your tax professional or visit the Internal Revenue Service

Which vehicles qualify for the greatest IRS tax Savings?
Trucks with a GVWR greater than 6,000lbs and a bed length over six feet qualify for a maximum FIRST YEAR depreciation deduction of up to $25,000 of the full purchase price plus up to 60% depreciation on any remaining balance.  (e.g. Ford F-150 SuperCrew with 5 1/2ft bed/Explorer/Expedition).  Trucks/Vans/SUVS less than 6,000 lbs GVWR such as the Ford Ranger and the all new 2010 Ford Transit Connect still qualify under noraml depreciation for up to $11,060 per vehicle in the FIRST_YEAR. 

If you are also looking at the all new Ford Fiesta or Ford Focus as a delivery vehicle for your Oregon small business you can also receive deductions.  Please see your tax professional for more information regarding section 179 and your specific tax strategy. 

To search for your Ford Comercial Incentives visit http://www.fordtoughtruck.com/ and enter your specific business information.

You can also Register to Win a New Ford F-150 XLT! It's the Ford Tough Truck Challenge.  Ford Commercial Trucks and Vans are ideal for hardworking businesses. These powerful, durable and versatile vehicles help get the job done and offer the level of interior luxury you deserve when using your vehicle as an office. Now, you can also win a chance at great prizes when you enter the Ford Tough Truck Challenge:

•GRAND PRIZE: A New 2011 Ford F-150 XLT

•FIRST PRIZE: $500 Mastercard® Gift Card (1 of 5)

•INSTANT WIN: $100 Home Depot® Gift Card (1 of 100)

Just submit your email address. By supplying your email address and completing the form on the next page you will be entered in the Tough Truck Sweepstakes and registered to receive information on Ford Commercial Trucks.