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IRS Issues Guidance on 100 Percent Bonus Depreciation
Posted by Michael Corrente on Tue, Jun 14, 2011 @ 10:58 AM

The IRS on March 29 issued Revenue Procedure 2011-26 addressing several unanswered questions surrounding the 100 percent bonus depreciation provision included in last December's Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 ("Tax Relief Act").  As discussed below, the guidance provided by Rev. Proc. 2011-26 is generally taxpayer friendly.

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Topics: Michael Corrente, tax, IRS, IRS Updates, 100 Percent Bonus Depreciation, Bonus Depreciation

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