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Hot Off the Press: Revenue Procedure 2019-33

August 5, 2019

On July 31, 2019, the IRS released Rev. Proc. 2019-33. This revenue procedure allows taxpayers to make or revoke certain elections for bonus depreciation under the Tax Cuts and Jobs Act of 2017 (TCJA) for the 2016 and 2017 tax years. The late and revoked elections create many opportunities to avoid pitfalls. Click here for the full story.

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