New Regulations Permit Late Section 179 Election

dc.contributor.author Harl, Neil
dc.contributor.department Iowa State University Digital Repository
dc.date 2018-02-19T01:14:23.000
dc.date.accessioned 2020-06-29T22:53:53Z
dc.date.available 2020-06-29T22:53:53Z
dc.date.embargo 2017-11-01
dc.date.issued 2004-08-13
dc.description.abstract <p>In claiming expense method depreciation under I.R.C. § 179, the rule has been that the election had to be made on the original return (whether or not timely filed) or on an amended return, and then only if filed within the time for filing a return (including extensions) for the taxable year.<sup>1 </sup>In a surprise move, new regulations, effective August 4, 2004, allow a late I.R.C. § 179 election on an amended return for property placed in service after 2002 and before 2006.<sup>2</sup></p>
dc.identifier archive/lib.dr.iastate.edu/aglawdigest/vol15/iss16/1/
dc.identifier.articleid 1742
dc.identifier.contextkey 10982647
dc.identifier.s3bucket isulib-bepress-aws-west
dc.identifier.submissionpath aglawdigest/vol15/iss16/1
dc.identifier.uri https://dr.lib.iastate.edu/handle/20.500.12876/3172
dc.source.bitstream archive/lib.dr.iastate.edu/aglawdigest/vol15/iss16/1/AgLawDigest_v15n16_01.pdf|||Fri Jan 14 17:49:46 UTC 2022
dc.subject.disciplines Agricultural and Resource Economics
dc.subject.disciplines Agricultural Economics
dc.subject.disciplines Agriculture Law
dc.subject.disciplines Public Economics
dc.title New Regulations Permit Late Section 179 Election
dc.type article
dc.type.genre article
dspace.entity.type Publication
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relation.isOrgUnitOfPublication d2bcee6c-7cba-4fa7-bd11-543354ce7b1b
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