The Trucks You Need… The Tax Savings You Deserve

Our Ram Heavy Duty Truck Selection

Now is the time to purchase the additional vehicle(s) needed for your business.

The Tax Relief, Unemployment Insurance Reauthorization Act of 2010 (2010 Tax Relief Act) provides an exceptional opportunity to save you a substantial sum of money by allowing for the expensing and accelerated depreciation of up to 100 percent of your new truck(s).

Under the new 2010 Tax Relief Act, you may be allowed to fully expense up to 100 percent of your truck purchase(s) during the first year of ownership by claiming a first-year "bonus" depreciation deduction equal to 100 percent of the adjusted basis value of any new truck(s) placed in service during 2011.

2011 EXTENSION OF FIRST-YEAR BONUS DEPRECIATION:
The 2010 Tax Relief Act extends the bonus depreciation provision to property placed in service during 2011, and increases the rate of bonus depreciation to 100 percent. Unlike the limits that apply to the section 179 expense deductuction, there is no limit on the amount of bonus depreciation that can be claimed in a tax year.

2011 EXTENSION OF INCREASED FIRST-YEAR EXPENSING:
When you buy a new Ram truck, the Internal Revenue Service generally considers it "Section 179 property." The cost of that "property" is an expense that can be deducted in the tax year it is placed into service. A qualifying business can expense up to $500,000. If your total section 179 property purchases exceed $2,000,000, the $500,000 maximum expense deduction is reduced. To avoid these limits in 2011, the 100 percent first-year bonus depreciation deduction may be claimed.

Consult your tax advisor for complete details on how the 2010 Tax Relief Act applies to your business.

This analysis applies only to vehicles placed in service in the United States during 2011, with no written binding contract for acquisition in effect before 2007.

NOTE: The information supplied here is provided a a public service. It should not be construed as tax advice or as a promise of potential tax savings or redued tax liability. For more information about The Tax Relief, Unemployment Insurance Reauthorization Act of 2010, or section 179 expense write-off, contact your tax advisor, or visit the Internal Revenue Service Website at www.irs.gov. Any information contained herein was not intended or written to be used, and cannot be used, by the recipient for the purpose of avoiding penalties that may be imposed under the Internal Revenue Code or applicable state or local tax provisions.