Saturday, January 12, 2019

IRS guidance expands 179 expenses, 168(g)...

The IRS has issued guidance on deducting expenses under Section 179(a) and on deducting depreciation under Section 168(g). These rules, in Revenue Procedure 2019-08 and as amended by #TCJA, generally apply to tax years beginning after 2017.

IRS guidance expands 179 expenses, 168(g)...

Revenue Procedure 2019-08 applies some of the changes from the Tax Cuts and Jobs Act.
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