industrial finance group, inc.

Section 179 Tax Benefit

Section 179 tax benefit increased to $125,000

Section 179 Federal Income Tax Deduction: This deduction allows a company to deduct the first $125,000 of equipment (Section 179 Property) purchased in 2007 from their taxable income. For companies purchasing (or leasing - with a $1.00 buy-out lease) up to $500,000 of equipment in 2007, this deduction is available in full.

Equipment buyers may benefit from the special 179 deduction by taking delivery of equipment prior to 12/31/2007, and may defer the monthly payment until 2008 by taking advantage of our special “deferred payment” plans. Payments may be deferred up to six months from equipment delivery.  These plans do not defer the finance charge, but do relieve the buyer of having to make a monthly payment during the start up phase.

** Buyers must always consult with their tax advisor to determine the impact of an equipment purchase or lease.**