Illustration of tax savings through IRS Section 179. Compare taxes paid, highlighted in blue. For illustrative purposes, assume taxable income of $125,000 for the following examples. See your tax advisor to determining your actual tax benefit.
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Example #1: No leased equipment
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Example #2: Equipment Cost: $25,000
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Example #3: Equipment Cost: $102,000
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Actual tax savings will depend on your particular circumstances. Generally, IRS section 179 tax savings only apply to leases classified as capital leases for accounting purposes. You should consult a tax advisor for advice. To take advantage of IRS section 179 in 2008, you must take possession of the equipment prior to fiscal year-end. All leases are subject to Beacon Funding credit approval.
Advantage Leasing Corp.[ Lease Information -
Application ]
Contact: Frank Scarpone
Phone: (480) 656-6369
Email: fscarpone@advantageleasing.com
Balboa Capital Corporation[ Lease Information - Application ]
Contact: Paul Kendall
Phone: (949) 553-3467
Email: pauldk@balboacapital.com
Paramount Financial Services[ Lease Information -
Application ]
Contact: Craig Colling
Phone:
(877) 948-6200
Email: craigc@paramountfinance.com
Popular Equipment Finance, Inc.[ Lease Information - Application ]
Contact: Ralph Zuleg
Phone: (877) 934-0011
Email: rzuleg@bpop.com