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Bonus depreciation made simple(r): navigating the guidance
Pulling your hair out over the new bonus depreciation guidance? Trying to determine whether you are subject to 50% or 100% bonus depreciation? Are you wondering about the impact on other tax positions? Are you worried whether you have the right elections? Rev. Proc. 2011-26 issued 29 March provides some much-awaited guidance on these questions, but navigating the subtle complexities of the new guidance leaves many taxpayers uneasy that they may be missing an opportunity, election or implication. Please join us as our panel of Ernst & Young LLP professionals addresses these issues and more.
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