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Haynes and Boone, LLP | December 2002

Reprinted with permission of Texas Lawyer

Haynes and Boone, LLP | November 2002

Houston American Corporate Counsel Association Chapter, November 8, 2002, Houston, Texas

Haynes and Boone, LLP | June 2002

Houston Business Journal Internal Revenue Code section 179 contains an important benefit for small businesses—the ability to completely expense the costs of certain assets. In general, businesses who purchase assets with a useful life of greater than one year are required to depreciate the cost of the property over a number of years. Section 179, however, allows a business to fully expense the cost of certain qualifying property in the year it is purchased ...