About Marlin  |  Careers  |  Contact Us  |  Customer Support

IRS Section #179

       Equipment Dealers
          Tools
            - IRS 179
            - Online Leasing Tool
            - Logic of Leasing
            - Leasing Calculators
            - FastPay
            - Sales Training
          About Leasing
          Choose Marlin
          Promotions
          MarlinNet
          Value-Added Services
          White Papers
          News You Can Use
          Industry Tradeshows
       

TAX DEDUCTION up to $250,000* a year

At Marlin, we'll help your customers finance the equipment they need, and help make IRS Section #179 work for them!

IRS Section #179 allows your customers to deduct the full cost of their business equipment - for up to $250,000* a year - using a $1.00 Buy Out or Conditional Sale Agreement through December 31, 2009!

The American Recovery and Reinvestment Act of 2009 extended the program set forth in the 2008 Economic Stimulus Package through the end of 2009.


For more information, read this piece provided by the Associated Equipment Distributors or visit DepreciationBonus.org.


Example: Equipment Cost of $300,000

First year write off:                 $250,000
$250,000 is the max. Section 179 write-off

Total 1st Yr Deduction:     $280,000
$250,000 + $25,000 + $5,000 = $280,000

50% Bonus Depreciation:      $25,000
On remaining value:
$300,000 - $250,000 = $50,000
$50,000 x 50% = $25,000
Tax Savings
Assuming Rate of 35%:       98,000

$280,000 x 35% = $98,000
Normal 1st Yr Depreciation:    $5,000
Depreciation calculated at 5 years = 20%
$25,000 x 20% = $5,000
1st Yr Net Cost
After Tax Savings:             $202,000

$300,000 - $98,000 = $202,000

*Credit and equipment restrictions apply. This program does not assume the customer is eligible to take advantage of the IRS Section #179 depreciation schedule which allows rapid first year depreciation of certain assets acquired. The amount of previous depreciation they may have used may affect their ability to utilize the elections. The customer should consult their tax advisor or accountant for additional information.

Site Map | Privacy Policy | Terms of Use

©2010 Marlin Business Services Corp. | Marlin Business Bank - Member FDIC

  |     |       |      |      |      

  |