Depends on how you have things in your books. If its as an asset then you pay property tax. On all "property" a business need at least in KS pay property tax unless you expense it immediately when bought. But there are limits on how much you can expense each year. So many times that printer and desk the value is so small that it can be expensed. But a building, viechle or other big dollar ticket item you generally can not expense. The more "assets" you have the more you can expense. I'm not a tax accountant so can not say how much but that is my understanding talking with my wife (MBA grad) and our CPA.
/Eje Sent via BlackBerry from T-Mobile -----Original Message----- From: "Mike Hammett" <wispawirel...@ics-il.net> Date: Sun, 4 Jan 2009 10:15:12 To: WISPA General List<wireless@wispa.org> Subject: Re: [WISPA] equipment state property taxes I've never heard of a property tax that was applied to anything other than a parcel of land or a structure. I know our township auditor quite well and that's all that is involved. You don't pay property tax on your computer or big screen TV, why would you on a CPE? ----- Mike Hammett Intelligent Computing Solutions http://www.ics-il.com -------------------------------------------------- From: "RickG" <rgunder...@gmail.com> Sent: Saturday, January 03, 2009 11:52 PM To: "WISPA General List" <wireless@wispa.org> Subject: [WISPA] equipment state property taxes > Well, I thought I wouldnt have to worry about state property taxes on > my equipment because it was leased, but I received a nice Christmas > present from my leasing company in the form of a $1700 bill. They were > billed from our local tax authority and in turn expect me to pay it. > My CPA was surprised as well and said there may be some exceptions for > Internet providers. Has anyone heard of this? > -RickG > > > -------------------------------------------------------------------------------- > WISPA Wants You! Join today! > http://signup.wispa.org/ > -------------------------------------------------------------------------------- > > WISPA Wireless List: wireless@wispa.org > > Subscribe/Unsubscribe: > http://lists.wispa.org/mailman/listinfo/wireless > > Archives: http://lists.wispa.org/pipermail/wireless/ > -------------------------------------------------------------------------------- WISPA Wants You! Join today! http://signup.wispa.org/ -------------------------------------------------------------------------------- WISPA Wireless List: wireless@wispa.org Subscribe/Unsubscribe: http://lists.wispa.org/mailman/listinfo/wireless Archives: http://lists.wispa.org/pipermail/wireless/ -------------------------------------------------------------------------------- WISPA Wants You! Join today! http://signup.wispa.org/ -------------------------------------------------------------------------------- WISPA Wireless List: wireless@wispa.org Subscribe/Unsubscribe: http://lists.wispa.org/mailman/listinfo/wireless Archives: http://lists.wispa.org/pipermail/wireless/
