Business Services Industry
Section 179 Tax Increase Provides Greater Benefits for Dentists Considering an i-CAT®
Business Wire, May 8, 2008
The Economic Stimulus Act of 2008 provides a new opportunity for dental specialists to invest in the latest equipment and benefit from deducting the asset's value in the first year
HATFIELD, Pa. -- Dental professionals considering the addition of the i-CAT, the Leader in Cone Beam 3-D dental imaging, to their practice now have access to one of the biggest tax benefits offered to the industry. The Enhanced Section 179 of the IRS Code allows practitioners to expense the cost of eligible property, including the i-CAT, in the tax year it's purchased. Recent changes to the Code increased the maximum amount that can be written-off in a single year up to $250,000 of the equipment value acquired in 2008. This makes the deduction an attractive option for dental professionals looking to take their practice to the next level and improve treatment planning and enhance patient care through Cone Beam 3-D imaging.
"Now is the perfect time for dentists to invest in their practice by purchasing the i-CAT using Section 179," says Chris Scharff, Vice President of Sales for Imaging Sciences International. "The i-CAT enhances diagnostic accuracy and improves treatment planning, leading to the most accurate surgical procedures and enhanced overall patient care. Now, due to the increased maximum deduction amount within Section 179, the i-CAT purchase can lower taxable income while increasing productivity and improving patient care in the dental office."
Section 179 of the IRS Code allows a sole proprietor, partnership, or corporation to fully expense tangible property in the year it's purchased. Taxpayers must elect to take the deduction on IRS Form 4562, and do so in the tax year the property is first placed in service. To be eligible for the Section 179 deduction in 2008, dentists should install the i-CAT before the end of this year. You should consult with your tax adviser for full details on the program and how you can benefit.
The i-CAT manufactured by Imaging Sciences International produces anatomically accurate three-dimensional views of all oral and maxillofacial structures at a lower cost with less radiation to patients than traditional CT scans. The latest model, the Next Generation i-CAT, delivers faster scan times, with a 8.9 second standard scan and full anatomical reconstruction within 30 seconds. This provides near-instant data for the best possible patient diagnosis, treatment, and surgical predictability. The Larger Field of View captures anatomically accurate and detailed cephalometric 3-D images of the entire skull up to 17 cm height and 23 cm diameter.
With the i-CAT, patients are seated in an "open environment scan" that increases comfort and captures the natural orientation of anatomy. After data is captured, it's transferred to a computer within minutes and displayed on an intuitive 3-D mapping tool that allows doctors and technicians to select, format, and rotate desired 'slices' of truly accurate anatomical data right on the computer screen. The complete i-CAT workstation, including machine, computer station, and access space fits into the same space as a traditional Panoramic machine.
ABOUT IMAGING SCIENCES INTERNATIONAL, INC.
Serving the dental industry since 1992, Imaging Sciences International, a Danaher Company (NYSE:DHR), is a global leader in the development and manufacturing of the most advanced computer controlled dental and maxillofacial radiography products in the world. The company's marquee product, the i-CAT[R], now exclusively distributed by Henry Schein Dental for dental applications only, is the leader in Cone Beam 3-D dental imaging creating anatomically accurate three dimensional images at a significantly lower cost and less radiation than traditional CT scans.
Imaging Sciences is recognized internationally by leading dentists and radiologists as one of the most innovative companies in the world. Learn more about Imaging Sciences' cutting edge technologies at www.i-CAT.com.
PRESS RESOURCES
Press contact: KateR@GregoryFCA.com
News: http://www.imagingsciences.com/know_inthenews.htm
Web site: http://www.imagingsciences.com/index.html
i-CAT Web site: http://www.imagingsciences.com/pro_iCAT.htm
i-CAT features: http://tinyurl.com/36p33h
i-CAT specifications: http://tinyurl.com/34as66
i-CAT product images: http://tinyurl.com/2rg84w
IRS Section 179 tax deduction: http://tinyurl.com/2fo8sc
Form 4562: http://www.irs.gov/pub/irs-pdf/f4562.pdf
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