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
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