Fixed Asset instructions

I discovered a feature in Fixed Assets that maximizes the benefit of Section 179 depreciation very easily – we just have to check a couple of boxes. (I didn’t find the option to do it globally, so for now we need to do it as we work on individual clients.) I drafted a 1-page instruction guide (complete with pictures), saved as:

N:\Tax\Tax Training\2008 Section 179 Depreciation.docx

Please use this on all returns for tax years ending on or after 12/31/08. We’ll get it incorporated into the checklists at a later date.

Thanks!