IRS Agrees That “Bonus” Depreciation On “Luxury” Autos Results in No Depreciation in Years 2-6, But Then Offers Safe Harbor; Other “Bonus” Depreciation Guidance Offered
The Center for Agricultural Law and Taxation does not provide legal advice. Any information provided on this website is not intended to be a substitute for legal services from a competent professional. The Center's work is supported by fee-based seminars and generous private gifts. Any opinions, findings, conclusions or recommendations expressed in the material contained on this website do not necessarily reflect the views of Iowa State University.