Just published for Januarey 2011 the IRS is allowing for a 100% bonus depreciation on qualifying assets for 2010/2011 .
100% rules- Placed in service after 9/8/2010 and before 1/1/2012. Placed in service means installed.
50% rules- placed in service during 2010 up to 9/8/2010
The full IRS news posteing can be found at http://www.irs.gov/newsroom/article/o,,=233824,00.html
*wahu strongly recommends as in all tax converstations with your clients the we are not tax preparers or experts. Discuss this with your own professional tax preparer
Friday, January 21, 2011
Subscribe to:
Posts (Atom)