Yes you should be able to depreciate any asset and you pay property tax on your asset. Electronics generally have a 3yr depreciation time software 5yrs if memory serves me right. Or its the other way around. Other assets might have other depreciation rules check with you local tax accountant.
/Eje Sent via BlackBerry from T-Mobile -----Original Message----- From: RickG <rgunder...@gmail.com> Date: Sun, 4 Jan 2009 18:47:04 To: WISPA General List<wireless@wispa.org> Subject: Re: [WISPA] equipment state property taxes Travis, Doesnt this take away some of the argument for leasing? This is one item (I may have mised it) that didnt seem to make it in the discusions of for/against leasing. Alternatively, since we get taxed on the equipment, do we get to depreciate it? -RickG On Sun, Jan 4, 2009 at 1:53 AM, Travis Johnson <t...@ida.net> wrote: > Yes, this is correct. We have to pay it on all our leases in the form of > property taxes. :( > > Travis > Microserv > > RickG wrote: >> Well, I thought I wouldnt have to worry about state property taxes on >> my equipment because it was leased, but I received a nice Christmas >> present from my leasing company in the form of a $1700 bill. They were >> billed from our local tax authority and in turn expect me to pay it. >> My CPA was surprised as well and said there may be some exceptions for >> Internet providers. Has anyone heard of this? >> -RickG >> >> >> -------------------------------------------------------------------------------- >> WISPA Wants You! Join today! >> http://signup.wispa.org/ >> -------------------------------------------------------------------------------- >> >> WISPA Wireless List: wireless@wispa.org >> >> Subscribe/Unsubscribe: >> http://lists.wispa.org/mailman/listinfo/wireless >> >> Archives: http://lists.wispa.org/pipermail/wireless/ >> >> >> > > > -------------------------------------------------------------------------------- > WISPA Wants You! Join today! > http://signup.wispa.org/ > -------------------------------------------------------------------------------- > > WISPA Wireless List: wireless@wispa.org > > Subscribe/Unsubscribe: > http://lists.wispa.org/mailman/listinfo/wireless > > Archives: http://lists.wispa.org/pipermail/wireless/ > -------------------------------------------------------------------------------- WISPA Wants You! Join today! http://signup.wispa.org/ -------------------------------------------------------------------------------- WISPA Wireless List: wireless@wispa.org Subscribe/Unsubscribe: http://lists.wispa.org/mailman/listinfo/wireless Archives: http://lists.wispa.org/pipermail/wireless/ -------------------------------------------------------------------------------- WISPA Wants You! Join today! http://signup.wispa.org/ -------------------------------------------------------------------------------- WISPA Wireless List: wireless@wispa.org Subscribe/Unsubscribe: http://lists.wispa.org/mailman/listinfo/wireless Archives: http://lists.wispa.org/pipermail/wireless/
