Angela, who is single, incurs circulation expenditures of $153,000 during 2013. She is in the process of
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Angela is in the 28% bracket for regular income tax purposes this year (she records regular taxable income of $153,000 before considering the circulation expenses). She expects to be in the 28% bracket in 2014 and 2015.
Advise Angela on whether she should elect the three-year write-off rather than expensing the $153,000 in 2013.
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Related Book For
South Western Federal Taxation 2014 Comprehensive Volume
ISBN: 9781285180922
37th Edition
Authors: William H. Hoffman, David M. Maloney, William A. Raabe, James C. Young
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