Topic
Depreciation
74 published works
Property Insurance Coverage Law Blog
Applying Depreciation in California – Understanding the Guidelines
The California Insurance Code mandates if a property insurance policy requires actual cash value payment, the payment must be based on the property’s depreciation for two types of claims: (1)…
The CPA Desk
Depreciation-related Breaks on Business Real Estate for Your 2018 Return
Commercial buildings and improvements generally are depreciated over 39 years, which essentially means you can deduct a portion of the cost every year over the depreciation period. (Land isn’t depreciable.)…
Insurance Law Hawaii
Labor Costs Not Excluded From Depreciation When Determining Actual Cash Value
The court dismissed a class action suit against State Farm which sought to establish that a calculation of actual cash value (ACV) in a homeowners policy could not…
Agricultural Law and Taxation Blog
Expense Method Depreciation and Structures on the Farm
OverviewFor tangible depreciable personal property, all or part of the income tax basis can be deducted currently in the year in which the property is placed in service (defined as…
Property Insurance Coverage Law Blog
Federal District Court Weighs in on Whether Labor Can Be Depreciated in Arriving at an Actual Cash Value Loss Settlement
By Edward Eshoo
Whether labor can be depreciated in arriving at an actual cash value property loss settlement has been a hot topic of debate over these past five years. A federal district…
Agricultural Law and Taxation Blog
Non-Depreciable Items on the Farm or Ranch
OverviewThe tax law is structured to tax income less the cost of producing the income. Over time, assets wear out or cease to be useful with their cost, in effect,…
The CPA Desk
Buying Business Assets Before Year End Can Reduce 2018 Tax Liability
By Gary Voth
The Tax Cuts and Jobs Act (TCJA) has enhanced two depreciation-related breaks that are popular year-end tax planning tools for businesses. To take advantage of these breaks, you must purchase…
International Financial Law Prof Blog
Treasury, IRS issue proposed regulations on new 100 percent depreciation deduction
The Treasury Department and the Internal Revenue Service today issued proposed regulations on the new 100-percent depreciation deduction that allows businesses to write off most depreciable business assets in the year they…
Agricultural Law and Taxation Blog
Expense Method Depreciation and Trusts
OverviewThe Tax Cuts and Jobs Act (TCJA) increased the maximum amount a taxpayer may expense under IRC §179 to $1 million. The TCJA also increased the phase-out threshold amount to…
Southwest Florida Business and IP Blog
Tax Planning and Proposed Tax Reform
As the year-end approaches, you may want to consider steps to reduce your federal income tax bill, especially as Congress weighs tax reform. The current proposals would reduce income tax…