Some Implications of 100% Bonus Depreciation
Article:
This item discusses optimization of the 100% bonus depreciation deduction, highlighting some of its implications and peculiarities
Published on April 17, 2012
100% Bonus Depreciation and the Corporate Election to Increase the Minimum Tax Credit Limitation
Article:
The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 extends the 50% bonus depreciation deduction to qualifying property placed in service through 2012. Congress also provided a 100% bonus depreciation deduction for qualified property acquired and placed in service after September 8, 2010...
Published on October 31, 2011
Depreciation and Changes in Use of Real Property
Article:
This item discusses the distinction between residential and nonresidential property, depreciation, and the application of the change-in-use regulations if a rental property changes from residential use to nonresidential or vice versa
Published on September 30, 2012
Depreciation Options for Avoiding Corporate AMT Adjustments and Preferences
Article:
An election of a particular depreciation system affects both taxable income and the taxpayer’s administrative burden
Published on January 28, 2011
IRS Releases 2011 Automobile Depreciation Limits
Article:
The IRS has issued the 2011 inflation adjustments to the depreciation limitations and lease inclusion amounts for certain automobiles. This year, the IRS has provided the limitation amounts for vehicles placed in service in 2011 for which bonus depreciation applies...
Published on July 20, 2011
Claiming Bonus Depreciation on Self-Constructed Long Production Period Assets
Article:
This item discusses the process of claiming bonus depreciation on self-constructed long production period assets, with a focus on how the taxpayer can determine how the binding contract rules and placed-in-service rules apply to particular...
Published on July 13, 2012
Post-Deal Depreciation Impact of Certain Nonrecognition Transactions
Article:
When planning an incorporation or reorganization transaction, taxpayers and their advisers may not examine in depth the related accounting method and depreciation issues that arise as a result of the transaction
Published on June 30, 2012
Allocating Partnership Depreciation Between Trusts and Beneficiaries
Article:
This article reviews how depreciation from a partnership is allocated between a trust and its beneficiaries and highlights the potential trap the allocation can cause when the depreciation deduction flows through a partnership
Published on June 08, 2010
2013 Automobile Depreciation Limits
Article:
The IRS issued the 2013 inflation adjustments to the depreciation limitations and lease inclusion amounts for certain automobiles under Sec. 280F (Rev. Proc. 2013-21
Published on April 30, 2013
2012 Automobile Depreciation Limits
Article:
The IRS issued the 2012 inflation adjustments to the depreciation limitations and lease inclusion amounts for certain automobiles under Sec. 280F (Rev. Proc. 2012-23
Published on April 30, 2012
100% Bonus Depreciation Guidance Issued
Article:
In Rev. Proc. 2011-26, the IRS has issued guidance on how taxpayers can deduct 100% of the cost of qualified business property placed in service in 2011 under rules enacted last year .
Published on October 04, 2011
Sec. 168(k)(4)Credit in Lieu of Bonus Depreciation
Article:
The election under Sec. 168(k)(4) to claim a refundable tax credit in lieu of bonus depreciation has been extended again for certain property placed in service during 2011 and 2012 as part of the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010...
Published on May 03, 2011
Sec. 168(k)(4) Credit in Lieu of Bonus Depreciation
Article:
...Recovery Act of 2008, Congress enacted a special tax benefit under Sec. 168(k)(4) that allows corporations to claim a refundable tax credit in lieu of 50% bonus depreciation for certain capital investments made during the period April 1–December 31, 2008
Published on January 28, 2011
Increase Cash-Flow With Cost Segregation
Article:
At its core, cost segregation is a fairly simple tax-deferral concept — you save on current taxes by reclassifying Internal Revenue Code Sec. 1250, real property, to Sec. 1245, personal property. From a tax perspective, this reclassification can generate huge tax and cash flow savings. Real property is depreciated over
Published on January 28, 2011
Guidance on Electing Not to Take 50% Bonus Depreciation
Article:
The IRS released guidance on how taxpayers can elect not to claim 50% bonus depreciation under Sec. 168(k)(1) but instead increase their credit limitation under Sec. 38(c) and their AMT credit limitation under Sec. 53(c) (Rev. Proc. 2009-33). The...
Published on January 28, 2011