Associated Equipment Distributors: IRS Issues Bonus Depreciation Regs, Clarifies Tax Law's Floor Plan Provision
September 24, 2019
September 24, 2019
OAK BROOK, Illinois, Sept. 24 -- The Associated Equipment Distributors issued the following news:
The Internal Revenue Service (IRS) recently issued proposed regulations governing IRC Sec.168(k), which after the Tax Cuts & Jobs Act's enactment, permits bonus depreciation (100 percent through 2022) on certain equipment purchases. The new proposal gives construction equipment dealers that sell other types of equipment or vehicles (such as trucks and farm equipment) greater flexibi . . .
The Internal Revenue Service (IRS) recently issued proposed regulations governing IRC Sec.168(k), which after the Tax Cuts & Jobs Act's enactment, permits bonus depreciation (100 percent through 2022) on certain equipment purchases. The new proposal gives construction equipment dealers that sell other types of equipment or vehicles (such as trucks and farm equipment) greater flexibi . . .