Auto Dealers | Albin, Randall and Bennett

Proposed Regulation Big Win For Auto Dealers

On Friday, September 13th the Treasury Department and Internal Revenue Service released final regulations and additional proposed regulations under IRC Section 168(k) that address guidance for 100% bonus depreciation that may be available to auto dealers. The Tax Cuts and Jobs Act (TJCA) created new law for 2018 that limits the deductibility of a business’s

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