Over the last few years one of the most dynamic portions of the tax code has been depreciation and capitalization regulations.
Between the changes to capitalization rules, updates to bonus depreciation and limits to Section 179 expensing, many professionals have had a hard time keeping up with the current rules. Now that we are through another tax season, it is a good time to sit back and review where we stand as it relates to capitalization and depreciation and how to utilize the rules for tax planning.
For more information contact Neikirk, Mahoney and Smith at 502-896-2999
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