Read the details of the IRS' newly released Rev. Proc. 2022-17 which outlines inflation-adjusted limitations on depreciations and inclusion amounts for 2022 passenger automobiles.
Learn more about how the IRS is issuing a second round of 6336 Micro-Captive Insurance letters to taxpayers it believes participated in micro-captive insurance transactions to kick off enforcement.
Like-Kind Exchanges Are No More For Vehicles. Don't Panic - Bonus Depreciation and Luxury Auto Limits Have Increased
The 2017 Tax Cuts and Jobs Act (TCJA) made significant changes to the property eligible for tax-free treatment in like-kind exchange transactions under
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