Also note that many leases pass the property taxes on to leasee, so you may not escape it that way either. But, that takes me to another question (more likely for my CPA). Doesnt property taxes only apply to higher dollar items that are usually on a depreciation scheule? In other words, if you are expensing CPE straight off the books, then property tax does not apply? -RickG
On Mon, Nov 9, 2009 at 4:32 PM, Tom DeReggi <wirelessn...@rapiddsl.net>wrote: > It should be noted that if you buy CPE and keep ownership of CPE, you are > likely open to pay Property Tax on it. In MD that equates to about 3% x 4 > years. > As well if you own it, it is not covered by the customer's home owner > insurance if stolen or damaged by weather or other acts of god. (Not that > Customers often are willing to claim it.) > > Having the customer own it, reduces a WISP's assets. > > Some lease types solve that problem, simply turning CPE into an expense. > After the three years, if you bought it from the Leasor, you could list it > on your books at depreciated value (near nothing) tax free, and could also > list it on your balance sheeet, showing the retail value and depreceiated > value, as an Asset that still has a perceived value, even if depreciated. > > Tom DeReggi > RapidDSL & Wireless, Inc > IntAirNet- Fixed Wireless Broadband > > > > > -------------------------------------------------------------------------------- > 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/
