Qualified Reuse and Recycling Property will be the discussion point for this post on bonus depreciation. In just over a week, the 2010 New Year will be here and it will be time for us all to make our new years resolutions. For many people, that may be exercising more, making the world a better [...]
As the year of 2009 comes to an end, we would like to remind you that so too do many opportunities to take advantage of extended bonus depreciation allowances. Recall that under the 2008 Economic Stimulus Act, allowable bonus depreciation was increased to the amount of 50%. This allowance was again extended through the end [...]
Last Thursday, Congressman Tiahrt proposed a bill aimed at using bonus depreciation to help stimulate a suffering economy in Kansas. The bill would further extend for two years, the increased allowable bonus depreciation amounts under the American Recovery and Reinvestment Act of 2009. This would be aimed at helping an ailing economy and aviation industry [...]
This next segment on bonus depreciation will address bonus depreciation in the Gulf Opportunity Zone, otherwise known as the GO Zone. A few years ago in 2005, Hurricanes Katrina, Rita and Wilma ripped through the United States Gulf Coast causing a natural catastrophe. Overall, the hurricane season of 2005 was one of the most severe [...]
Continuing with the segment on Bonus Depreciation, this post will address depreciation rules for property in the New York Liberty Zone. A little over eight years ago, the atrocious events of September 11 left our country devastated physically, emotionally, and economically. With regards to the economic turmoil that ensued, particularly in the area of the [...]
Bonus Depreciation has become a hot topic and has seen many changes over the last decade. There are also continuing debates as to how effective it really is. However, we will attempt to clarify the issues of bonus depreciation by covering all the aspects and history. Continuing from the initial post on Bonus Depreciation and [...]
Many people have heard of the term bonus depreciation, but many are also unfamiliar with the concept and its origins. What bonus depreciation does is allow a taxpayer to deduct an additional depreciation expense (on top of the normal depreciable amount) on an asset during the tax year acquired. The purpose behind this is to [...]