The U.S. IRS announced the release on 13 September 2019 of final regulations and additional proposed regulations on the additional first year depreciation deduction under Section 168, which was introduced as part of the Tax Cuts and Jobs Act. The regulations are scheduled to be published in the Federal Register on 24 September 2019.
Treasury, IRS release final and proposed regulations on new 100% depreciation
WASHINGTON — The Treasury Department and the Internal Revenue Service today …