Thomson Reuters Releases New Federal Depreciation Handbook and Calculator for CPA Firms and Corporate Tax Professionals

October 9, 2014
Dana Greenstein

NEW YORK— The Tax & Accounting business of Thomson Reuters today announced the release of the first integrated Federal Depreciation Handbook and Calculator  for CPA firms and corporate tax professionals.

The book and calculator are available on the Thomson Reuters Checkpoint online research platform. The handbook is also available on the Thomson Reuters Proview app.

The Federal Depreciation Handbook provides in-depth, expert guidance on challenging, yet common tax depreciation and cost recovery issues. It includes the following features: numerous quick reference tables and charts that provide easy access to key information; real-life examples that illustrate how tax rules apply; a “What’s New” section that summarizes significant tax law changes; and references to relevant Internal Revenue Code sections, IRS regulations and rulings, and court cases.

“Our goal is to provide customers with the most insightful, efficient, and accurate resources to enhance their daily workflow experience,” said Mike Swenson, Executive Editor in the Tax & Accounting business of Thomson Reuters. “The Federal Depreciation Handbook is an all-in-one resource for quick reference and in-depth coverage of depreciation and other cost recovery tax issues.”

“The accompanying calculator performs fast, easy depreciation calculations for tax planning or for determining the most appropriate depreciation elections when an asset is placed into service.”

Additionally, there are hyperlinks to and from the book, calculator, primary law, and other tax research products on Checkpoint.

The Depreciation Calculator enables users to:

  • Quickly and easily calculate federal tax depreciation.
  • Identify the most appropriate depreciation elections when an asset is placed in service.
  • Generate a printable and savable depreciation schedule for the life of an asset.
  • Enter User Notes to document their conclusions (e.g., elections).

For more information, visit or call 800-950-1216.

Thomson Reuters
Thomson Reuters is the world’s leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial and risk, legal, tax and accounting, intellectual property and science and media markets, powered by the world’s most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs approximately 60,000 people and operates in over 100 countries. Thomson Reuters shares are listed on the Toronto and New York Stock Exchanges (symbol: TRI). For more information, go to


Dana Greenstein
Public Relations Manager

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