Hello,
I just started my tax preperation business on 12/1/10. That is the date my sign went up. I purchased a computer, pro series, quickbooks, and office furniture in 2010. When I filed for the EIN stated the business would start in Sept of 2010. I am sure I am not the first person that it has taken longer than anticipated to start a business. I feel I am entitled to section 179 the computer and software which will be in upwards of 4,000. What scares me is that the business has generated no income in 2010. Am I correct that I am entitled to this large refund. I do know that I cannot section 179 the office furniture. THanks in advance for any replies.