Preserving Cash After the Expiration of Bonus Depreciation
Companies can structure the sales and purchases of their business assets as like-kind exchanges and continue to recognize substantially less tax gain.
The best thing about an LKE Program is that it is not dependent on the whims of legislators. A like-kind exchange is commonly referred to as the ultimate stimulus provision. There's no need to write letters to Congress every year urging them to extend section 1031. It's simply a part of the tax code and has been for almost 90 years.
The benefit of the 2008 and 2009 bonus depreciation does not have to stop if the government fails to extend it for another year. An LKE Program implemented by an experienced and knowledgeable tax professional allows companies to continue to enjoy the increased cash flow.
Ronald L. Hodgeman, Esq. is a Tax Director for WTP Exchange LLC, an affiliate company of WTP Advisors. Over the last 14 years, Ron has provided tax consulting and LKE Program implementation services to numerous companies, including banks, rental car companies, leasing companies, and heavy equipment dealers. If you have any questions for Ron, he can be reached via phone (513-600-3532) or email (ron.hodgeman@wtpexchange.com).
- « Previous Page
- 1
- 2
- Next Page »
