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Even though 2008 is about half over, it's not too late to think about the tax implications of your business's fixed asset purchases. As you may know, when you buy a fixed asset, you must capitalize and depreciate it over a fixed number of years, thus spreading the tax deduction over multiple tax years. But did you know that the IRS allows a full deduction of fixed assets in the year it is placed in service using what is commonly referred to as Section 179?
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We take great care in the preparation of our articles and announcements. We also have a process of reviewing articles when major changes take place. The business, legal and tax climate is constantly changing especially when reviewed on an industry basis.

It may be very important to consult with us or your Investment Advisor before implementing ideas contained in articles and announcements. Many ideas have complexities and nuances that cannot be adequately detailed in the articles or announcements. We are not responsible for errors, misinterpretations or omissions related to these articles or announcements. Nor are we responsible for the applicability to your personal, business or tax situation.

Pursuant to Circular 230 promulgated by the Internal Revenue Service, if this email, or any attachment hereto, contains advice concerning any federal tax issue or submission, please be advised that it is not intended or written to be used, and that it cannot be used, for the purpose of avoiding federal tax penalties unless otherwise expressly indicated.