Category Archives: News

Full-Service Fire Protection Provider in Mobile, AL

For fire protection in Alabama, check out International Fire Protection’s office in Mobile, Alabama. This location serves businesses in Southern Alabama, Florida panhandle, and Mississippi.  Our Mobile location provides many fire protection services from installation to inspections and repair. Fire Sprinkler Installations Installing a fire sprinkler system is necessary to protect your building’s assets and …
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OSHA Regulations and Details | Safety Seminar

International Fire Protection is hosting a Safety Seminar When: Wednesday, March 6, 2019 Cost: FREE with a boxed lunch. (Please note there is an $8 parking garage fee that you are responsible for.) Time: 10:00 am – 3:00 pm (Eastern)  10:00 am – Noon – North Dakota Safety Council Presentation by Rick Halldorson, Senior Safety …
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Winterizing Your Fire Sprinkler System

Winter is coming, so are freeze-ups! It’s never too late to pre-winterized your sprinkler systems. It would be catastrophic in the event of a fire and have your pipes frozen solid from the cold.  Failure to protect and maintain your system(s) could result in broken piping and costly damage to your property. There are a …
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What is Special Hazard Fire Suppression?

A special hazards fire suppression system is used to put out fires in areas where water damage from fire sprinklers can cause costly or irreparable damage to the assets being protected. Special hazards systems use agents to extinguish a fire quickly without damaging property. The Need for Special Hazards Suppression Special hazards fire protection systems …
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Advantages of CO2 Fire Suppression

When it comes to protecting your building from a fire, you probably want the best systems in place to give your property the best protection. However, it can be difficult to figure out which fire protection system is right for you. Depending on the assets you are trying to protect, a CO2 fire suppression system …
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October Fire Prevention Week

During a fire, every second counts.  A few seconds can be the difference between escaping a fire safely and devastating consequences. Teaching people of all ages about fire safety can improve the chances of a person’s survival during a fire. Fire prevention education is so important that there is a week every October dedicated to …
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The Importance of Fire Extinguishers

Fire extinguishers are on the front line of fire protection for most facilities and homes along with fire alarms.  Making sure you have the correct fire extinguisher for the application you would need it for is very important.  Depending on where you have the fire extinguisher placed, whether be in your home, kitchen, garage, boat, …
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Protecting Assisted Living Facilities

What We Can Do For Assisted Living Facilities Do you own or manage an assisted living facility or plan on building one?  Do you know what the requirements are for assisted living facilities your size are when it comes to fire protection?  Do you know what the cost of installing a fire protection system would …
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Understanding the Different Types of Fire Sprinkler Systems

Protect Your Assets with a Fire Sprinkler System If you are thinking about or planning on installing a sprinkler system for your facility or home, there are many different types of sprinkler systems to choose from and each one has their own unique purposes.  Sprinkler systems are becoming more cost effective to design and install …
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IRS Tax Code, Section 179 Update

International Fire Protection receives updates from different associations within the Life Safety Industry to stay appraised in the marketplace and up to date on all codes and regulations as they happen.

The Fire Suppression Systems Association (FSSA) recently reminded us about the Tax Code 179 Update.

Starting in 2018, Fire Protection Systems in Commercial Structures
Now Eligible for Full Tax Deduction under Section 179

Section 179 of the IRS Tax Code allows a business to deduct, for the current tax year, the full purchase price of financed or leased equipment and off-the-shelf software that qualifies for the deduction. The equipment purchased, financed or leased must be within the specified dollar limits of Section 179, and the equipment must be placed into service in the same tax year that the deduction is being taken (for example, the equipment must be put into service between January 1st and December 31st of the year the deduction is to be taken.)

The Tax Cuts and Jobs Act

On December 22, 2017, President Trump signed into law H.R.1, aka, The Tax Cuts and Jobs Act. This act is responsible for many sweeping changes to taxes for both businesses and individuals, and also positively affected Section 179. The deduction limit for Section 179 increased to $1,000,000 for 2018 and beyond, and the cap on equipment purchases was increased to $2.5 million. In addition, some additional qualifying property was added, notably improvements to existing nonresidential property, such as roofs; heating, air-conditioning, and ventilation systems; fire protection, alarm, and security systems. The bonus depreciation was also expanded to 100%, and includes used equipment for the first time.

Section 179 and Bonus Depreciation

The most important difference is both new and used equipment qualify for Section 179 deduction, while Bonus Depreciation covers new equipment only and also applies to residential property. Bonus Depreciation is useful to very large businesses spending more than whatever Section 179’s spending limit is for that year. Also, businesses with a net loss in a given tax year qualify to carry-forward the Bonus Depreciation to a future year. When applying these provisions, Section 179 is generally taken first, followed by Bonus Depreciation – unless the business has no taxable profit in the given tax year.

More Information

For more information on the recent changes to Section 179 see the IRS website, www.section179.org, and consult your tax advisors.