Author Description

A convenient eBook that provides comprehensive coverage of federal tax issues related to depreciation, capital planning and a wide variety of tax credits. Everything depreciable is covered: real estate, business equipment and vehicles, intangibles assets, etc. Among the topics covered are: • ACRS--the accelerated cost recovery system; • MACRS--the modified accelerated cost recovery system; • amortization of intangibles under IRC § 197 (e.g., trademarks, copyrights, patents, goodwill, etc.); • depletion; • recapture of investment tax credits; and • use of business and energy credits. Because it is updated yearly, this publication always contains the latest in relevant forms, revenue procedures and tables of statutes and regulations. It is also loaded with practice tips, comments, examples, and IRS forms and tables.