Review the IRS Depreciation Basics webinar at https://www.irsvideos.gov/depreciationbasics/player/powerpoint_presentation.pdf Identify what is most interesting about this presentation and
Question:
Review the IRS Depreciation Basics webinar at https://www.irsvideos.gov/depreciationbasics/player/powerpoint_presentation.pdf Identify what is most interesting about this presentation and provide an example of strategies that will help a new business maximize your current depreciation deductions (including Sec. 179). Why might a taxpayer choose not to maximize their current depreciation deduction?
A new client has just opened his small landscaping business during the current fiscal year. Client owns equipment, travels from location to location, has 3 employees and 20 landscaping clients. The owner did not keep any records and has no accounting experience. Discuss how to handle this situation taking into account any ethical and professional considerations. Support your opinion with articles from the IRS code.
Add references
Expert Answer:
Discussion Topic 1 IRS Depreciation Basics The most interesting aspect of the IRS Depreciation Basics webinar is its comprehensive overview of depreciation methods and regulations particularly for sma... View the full answer
