Discussion:Sec 179

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Discussion Forum Index --> Tax Questions --> Sec 179


Link1time (talk|edits) said:

11 January 2007
Have a client that filed an extension but is just now filing their 2005 return. Can taxpayer still elect sec. 179 since the return is past due? He will be receiving a refund.

Deback (talk|edits) said:

January 12, 2007
Yes, he can elect Sec 179 and has three years from the due date to do so. Publication 946, page 22

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