Accounting Today

Proposed regs for extra first-year depreciation deduction will have an impact on construction

The IRS published proposed regulations this month that provide guidance regarding the additional first-year depreciation deduction under Section 168(k) of the Tax Code. These proposed regulations ...
JD Supra

Proposed 168(k) regulations offer several surprises for utilities and present challenges with uncertainties left unaddressed

The proposed regulations under section 168(k) issued by Treasury and the Internal Revenue Service (IRS) on August 3, 2018, not only presented utilities with some surprises, but also raised concerns as ...
JD Supra

Expensing 2.0 – Treasury and the Internal Revenue Service thoughtfully consider comments on the proposed § 168(k) regulations and provide helpful guidance to regulated ...

Interplay Between the Self-Constructed Property (“SCP”) Rule and the Binding Contract (“BC”) Rule To the surprise of many, both within and without the utility industry, the original proposed § 168(k) ...