Section 179 Extension: Depreciable Assets

Informational article about Section 179 extended – Rev. Proc. 2010-24 

This revenue procedure modifies the inflation adjusted amounts in Rev. Proc. 2009-50, 2009-45 I.R.B. 617, that apply to taxpayers who elect to expense certain depreciable assets under § 179 of the Internal Revenue Code. This modification reflects statutory changes enacted subsequent to the publication of Rev. Proc. 2009-50. 

26 CFR 601.602 Tax Forms 

NOTE: from IRS 

 

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