Add to ORKGOccasionally, depreciation is claimed at a rate that is more rapid than allowed by the Modified Accelerated Cost Recovery System and once in a great while depreciation is claimed at a slower rate. IRS now provides guidance on how to handle the adjustments for income tax reporting purposes in both situations. While there are similarities, the two sets of procedures differ significantly
Since the 1950s, it has become fashionable to attack various provisions of the Internal Revenue Code...
Plaintiff sold all the assets used in its business, in the middle of a fiscal year, at a price in ex...
On March 9, 2002, the President signed into law the Job Creation and Worker Assistance Act of 2002. ...
Recently published proposed regulations to the expense method depreciation rules have provided firm ...
The legislation signed into law on March 9, 2002, the Job Creation and Worker Assistance Act of 2002...
Issuance of Notice 2000-41 more than four years ago was greeted by surprise and consternation by man...
Although enactment of the 50 percent bonus depreciation provision in 2003 was overshadowed by the dr...
With the increase in the expense method depreciation allowance from $10,000 to $17,500 per year (on ...
The enactment of depreciation rules for “listed property” in 1984 marked a new era in recovering inv...
To achieve fairness and accuracy, an income tax system must accomplish two objectives: allow depreci...
A taxpayer may, on a yearly basis, deduct an amount equal to either (1) the business standard mileag...
In an effort to curb manipulations by taxpayers on the cash method of accounting, and to limit the d...
Traditionally, a substantial amount of farm property is transferred within the family. A major issue...
Every businessperson is concerned about his or her taxable deductions. Depreciation is one of those ...
A major issue under an accretion tax is how to treat depreciable assets, assets that tend to decline...
Since the 1950s, it has become fashionable to attack various provisions of the Internal Revenue Code...
Plaintiff sold all the assets used in its business, in the middle of a fiscal year, at a price in ex...
On March 9, 2002, the President signed into law the Job Creation and Worker Assistance Act of 2002. ...
Recently published proposed regulations to the expense method depreciation rules have provided firm ...
The legislation signed into law on March 9, 2002, the Job Creation and Worker Assistance Act of 2002...
Issuance of Notice 2000-41 more than four years ago was greeted by surprise and consternation by man...
Although enactment of the 50 percent bonus depreciation provision in 2003 was overshadowed by the dr...
With the increase in the expense method depreciation allowance from $10,000 to $17,500 per year (on ...
The enactment of depreciation rules for “listed property” in 1984 marked a new era in recovering inv...
To achieve fairness and accuracy, an income tax system must accomplish two objectives: allow depreci...
A taxpayer may, on a yearly basis, deduct an amount equal to either (1) the business standard mileag...
In an effort to curb manipulations by taxpayers on the cash method of accounting, and to limit the d...
Traditionally, a substantial amount of farm property is transferred within the family. A major issue...
Every businessperson is concerned about his or her taxable deductions. Depreciation is one of those ...
A major issue under an accretion tax is how to treat depreciable assets, assets that tend to decline...
Since the 1950s, it has become fashionable to attack various provisions of the Internal Revenue Code...
Plaintiff sold all the assets used in its business, in the middle of a fiscal year, at a price in ex...
On March 9, 2002, the President signed into law the Job Creation and Worker Assistance Act of 2002. ...