TITLE

SECTION 8. ELECTIVE EXPENSING PROVISIONS (§§ 179B(a), 181, and 194(b))

PUB. DATE
September 2008
SOURCE
Internal Revenue Bulletin;9/8/2008, Vol. 2008 Issue 36, p637
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article discusses the changes in methods of accounting for elective expensing provisions to which revenue procedure (Rev. Proc.) 2008-52 applies in the U.S. The change applies to a taxpayer who wants to elect under section 181 to treat the production costs of any qualified film or television production as an expense that is not chargeable to a capital account. It also applies to reforestation expenditures paid or received after October 22, 2004, with respect to qualified timber property.
ACCESSION #
34390645

 

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