IRS Says Amendment to Regulations Needed for Late Section 179 Elections on Amended Returns After 2007

dc.contributor.author Harl, Neil
dc.contributor.other Iowa State University Digital Repository
dc.date 2018-02-19T03:55:09.000
dc.date.accessioned 2020-06-29T22:55:15Z
dc.date.available 2020-06-29T22:55:15Z
dc.date.embargo 2017-11-27
dc.date.issued 2008-09-12
dc.description.abstract <p>Although some commentators argued to the contrary, the Internal Revenue Service in a Revenue Procedure issued in late August of 2008<strong>1 </strong>acknowledged that Section 179 elections<strong>2 </strong>could not be made on amended returns for taxable years beginning after December 31, 2007, without the Commissioner’s consent.<strong>3 </strong>The Revenue Procedure announced that <em>amendments to the regulations would need to be made resolving the</em> <em>problem,</em><strong>4 </strong>provided guidance on the rules applicable to the 50 percent bonus depreciation for 2008<strong>5 </strong>and provided further guidance on depreciation allowances claimable with respect to the Kansas Disaster Area Recovery Assistance Property and GO Zone property.<strong>6</strong></p>
dc.identifier archive/lib.dr.iastate.edu/aglawdigest/vol19/iss18/1/
dc.identifier.articleid 1943
dc.identifier.contextkey 11151555
dc.identifier.s3bucket isulib-bepress-aws-west
dc.identifier.submissionpath aglawdigest/vol19/iss18/1
dc.identifier.uri https://dr.lib.iastate.edu/handle/20.500.12876/3371
dc.source.bitstream archive/lib.dr.iastate.edu/aglawdigest/vol19/iss18/1/AgLawDigest_v19n18_01.pdf|||Fri Jan 14 17:50:34 UTC 2022
dc.title IRS Says Amendment to Regulations Needed for Late Section 179 Elections on Amended Returns After 2007
dc.type article
dspace.entity.type Publication
relation.isJournalIssueOfPublication bdb83457-077d-4037-80a6-ee582550d62f
relation.isOrgUnitOfPublication d2bcee6c-7cba-4fa7-bd11-543354ce7b1b
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