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Electing the Section 179 Deduction
- December 29, 2016
- Posted by: Arsene Gbegnon
- Category: Uncategorized
1 CommentIntroduction You can elect to recover all or part of the cost of certain qualifying property, up to a limit, by deducting it in the year you place the property in service. This is the section 179 deduction. You can elect the section 179 deduction instead of recovering the cost by taking depreciation deductions. Estates
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New Federal Tax Law May Affect Some Refunds Filed in Early 2017
- December 29, 2016
- Posted by: Arsene Gbegnon
- Category: Uncategorized
The Internal Revenue Service has announced initial plans for processing tax returns involving the Earned Income Tax Credit and Additional Child Tax Credit during the opening weeks of the 2017 filing season. The IRS is sharing the information now to help the tax community prepare for the 2017 season, and plans are being made for