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Waived penalty for those of you whose tax withholding and estimated tax payments fell short in 2018

January 24, 2019

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You Are Running Out of Time to File Your Election From the New 100% Depreciation Deduction for 2017

October 5, 2018

 

 

 

 

If you placed qualifying property in service during 2017, but did not choose to claim the new 100% depreciation deduction, then you only have limited time to file the required election from the IRS.

 

In general, this election must be filed by Oct. 15, 2018. This new deduction allows businesses to write off most depreciable business assets in the year they were placed in service. It was created by the