IRS creates passenger automobile depreciation safe harbor
Rev Proc 2019-13, 2019-9 IRB; IR 2019-14, 2/13/2019 In a Revenue Procedure and accompanying information release, IRS has created a safe …
Who needs Sec. 179 expensing when 100% bonus depreciation is available?
Now that the bonus depreciation rules have been liberalized to allow for 100% writeoffs, and expanded to cover used as …
Fact Sheet highlights new rules & limits for depreciation and expensing under TCJA
IRS has issued a fact sheet that highlights some of the new rules and limitations for depreciation and expensing under …
IRS issues 2018 depreciation dollar limits for passenger autos
IRS has released the Code Sec. 280F depreciation limits for business passenger automobiles placed in service by the taxpayer in 2018, taking …
IRS explains PATH Act changes to expensing and bonus and Indian property depreciation
IRS has issued a Revenue Procedure which provides guidance with respect to the Protecting Americans for Tax Hikes Act of …
IRS issues 2017 auto, light truck and van depreciation dollar limits
IRS has released the inflation-adjusted Code Sec. 280F depreciation limits for business autos, light trucks and vans (including minivans) placed …
IRS issues 2016, and revised 2015, auto, light truck and van depreciation dollar limits
Rev Proc 2016-23, 2016-16 IRB IRS has released the inflation-adjusted Code Sec. 280F depreciation limits for business autos, light trucks …