Section 179 of the Internal Revenue code

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Description

Under section 179 of the IRS tax regulations, you may elect to recover all or part of the cost of certain qualifying property, up to a limit, by deducting it in the year you place the property in service. This is called a section 179 deduction. You can elect the section 179 deduction instead of recovering the cost by taking the depreciation deduction.
Required: Discuss the reinstatement of Section 179 in the tax year 2014. Argue that the re-instatement of Section 179 in the tax year 2014 will help to stimulate the U.S. economy. Your well-written paper must be 2-3 pages, in addition to title and reference pages. Cite at least two peer-reviewed sources, in addition to the required reading for the module.

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