Want to save money on 2007 taxes?

Want to buy new Equipment before December 31, 2007 but don't have the cash?

There's still time to take full advantage of IRS Section 179. This year, the deduction is worth up to $125,000.

Typically, if business equipment has a useful life of more than one year, the cost must be spread across several tax years as depreciation with a portion of the cost deducted each year. However, the provisions of IRS Section 179 allow a sole proprietor, partnership or corporation to fully expense tangible property in the year it is purchased, provided it is put in service that year.

Always check with you tax advisor because every situation is different. Or you can click here to get the details directly from the IRS.

At InSource Capital, we have a variety of equipment leasing and financing programs that qualify for the 179 deduction, and there is still time to take delivery of your new equipment before 2007 is over. If you wait too long, it'll be gone for this year.

Click here to have a representative call you or feel free to put up the phone and call us at 818-783-7462.