
Tax Alert
Two pitfalls to avoid when navigating the new bonus depreciation rules
Taxpayers must not overlook acquisition dates or that qualified improvement property is 39-year property and not bonus eligible.
Taxpayers must not overlook acquisition dates or that qualified improvement property is 39-year property and not bonus eligible.
The IRS issues Rev. Proc. 2017-33 providing additional guidance concerning section 179 and bonus depreciation issues.