[iampei]

I was wondering what limitation rules I should use when I go in to take the exam for reg. Becker and Ninja notes states different limitation amounts and I don’t know which ones I should use.

Becker – $125,000 – Deduction Max

Ninja Notes – $139,000 – Deduction Max

Thanks guys.

[Anonymous]

hey i had the same problem to and i researched I am going with 139,000 which is effetive for 2013 I believe Ninja is correct and 560,000 also instead of 500,000

[Anonymous]

hey i had the same problem to and i researched I am going with 139,000 which is effetive for 2013 I believe Ninja is correct and 560,000 also instead of 500,000

[MrsBing]

Isn't section 179 in 2013, $500,000 and reduces once it hits $2,000,000?

Becker, Wiley Test Bank, and Ninja 10 Point Combo!

FAR: 89
REG: 87
AUD: 92
BEC: 75
Ethics: 90

Licensed Arizona CPA

[MrsBing]

Isn't section 179 in 2013, $500,000 and reduces once it hits $2,000,000?

Becker, Wiley Test Bank, and Ninja 10 Point Combo!

FAR: 89
REG: 87
AUD: 92
BEC: 75
Ethics: 90

Licensed Arizona CPA

[MrsBing]

This is from section179.org

Here are the new Section 179 Deduction Limits for 2013 (and 2012 retroactive)

Section 179 has been enhanced for *both* 2012 and 2013 tax years (2012 is retroactive, obviously). This is due to the passage of H.R.8: American Taxpayer Relief Act of 2012 (The “fiscal cliff / fiscal crisis” bill).

2013 Deduction Limit = $500,000

2013 Limit on Capital Purchases = $2,000,000

2013 Bonus Depreciation = 50%

Please note the above limits are as of 1/1/2013, and are for tax year 2013. In addition, 2012's old limit ($125,000 deduction) has now been raised to $500,000 as well. This means qualifying purchases you made in 2012 can now take advantage of the new, higher deduction limits.

Please Note:

Section 179 Deduction is available for most new and used capital equipment, and also includes certain software.

Bonus Depreciation can be taken on new equipment only (no used equipment, no software)

When applying these provisions, Section 179 is generally taken first, followed by Bonus Depreciation – unless the business has no taxable profit in the given tax year.

Also, many businesses are finding Section 179 Qualified Financing to be an attractive option in 2013.

Becker, Wiley Test Bank, and Ninja 10 Point Combo!

FAR: 89
REG: 87
AUD: 92
BEC: 75
Ethics: 90

Licensed Arizona CPA

[MrsBing]

This is from section179.org

Here are the new Section 179 Deduction Limits for 2013 (and 2012 retroactive)

Section 179 has been enhanced for *both* 2012 and 2013 tax years (2012 is retroactive, obviously). This is due to the passage of H.R.8: American Taxpayer Relief Act of 2012 (The “fiscal cliff / fiscal crisis” bill).

2013 Deduction Limit = $500,000

2013 Limit on Capital Purchases = $2,000,000

2013 Bonus Depreciation = 50%

Please note the above limits are as of 1/1/2013, and are for tax year 2013. In addition, 2012's old limit ($125,000 deduction) has now been raised to $500,000 as well. This means qualifying purchases you made in 2012 can now take advantage of the new, higher deduction limits.

Please Note:

Section 179 Deduction is available for most new and used capital equipment, and also includes certain software.

Bonus Depreciation can be taken on new equipment only (no used equipment, no software)

When applying these provisions, Section 179 is generally taken first, followed by Bonus Depreciation – unless the business has no taxable profit in the given tax year.

Also, many businesses are finding Section 179 Qualified Financing to be an attractive option in 2013.

Becker, Wiley Test Bank, and Ninja 10 Point Combo!

FAR: 89
REG: 87
AUD: 92
BEC: 75
Ethics: 90

Licensed Arizona CPA

[iampei]

so it went from $149k to $500k for max deductions, and max capital purchases went from $560k to $2 million? holy crap that's a big change.

so is this FY13 change applied to the cpa exam?

[iampei]

so it went from $149k to $500k for max deductions, and max capital purchases went from $560k to $2 million? holy crap that's a big change.

so is this FY13 change applied to the cpa exam?

[MrsBing]

I believe so.

Becker, Wiley Test Bank, and Ninja 10 Point Combo!

FAR: 89
REG: 87
AUD: 92
BEC: 75
Ethics: 90

Licensed Arizona CPA

[MrsBing]

I believe so.

Becker, Wiley Test Bank, and Ninja 10 Point Combo!

FAR: 89
REG: 87
AUD: 92
BEC: 75
Ethics: 90

Licensed Arizona CPA

[so1913]

I was going to study from my 2012 Becker REG book, but I'm now wondering if this is a good idea 🙁

AUD - 90 Pass
REG - 70,61,81 Pass DONE DONE DOOOOONNEEE!!!!!!!!
BEC - 79 - Pass
FAR - 70,82 - Pass

[so1913]

I was going to study from my 2012 Becker REG book, but I'm now wondering if this is a good idea 🙁

AUD - 90 Pass
REG - 70,61,81 Pass DONE DONE DOOOOONNEEE!!!!!!!!
BEC - 79 - Pass
FAR - 70,82 - Pass

[Anonymous]

i'm sorry but i am still confused does anyone have a good example they might have……i was initially going to stick with $139,000 reduced once it hits 560,000, but this 2,000,000 has confused me even more…..any help much appreciated

[Anonymous]

i'm sorry but i am still confused does anyone have a good example they might have……i was initially going to stick with $139,000 reduced once it hits 560,000, but this 2,000,000 has confused me even more…..any help much appreciated

[Anonymous]

There's no way that the AICPA will test these changes.

[Author]

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