modified accelerated cost recovery

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1 headnote for modified accelerated cost recovery

- Modified accelerated cost recovery system

1.543 documents for modified accelerated cost recovery

- Income taxes: Modified accelerated cost recovery system property; changes in use; depreciation,
- FR, March 01, 2007
- Rules
- Internal Revenue Service
- Income taxes: Modified accelerated cost recovery system property; changes in use; depreciation,
- FR, July 21, 2003
- Proposed rules
- Internal Revenue Service
- Practical application of the new MACRS depreciation regs.
Modified accelerated cost recovery system
- The Tax Adviser
- Vol. 35 Nbr. 6, June 2004

- Income taxes: Modified accelerated cost recovery system property; changes in use; depreciation,
- FR, March 01, 2004
- Rules
- Internal Revenue Service
- 26 CFR 1.168(a)-1T - Modified accelerated cost recovery system (temporary).
- Code of Federal Regulations - Title 26: Internal Revenue
- Economic Stimulus Act of 2008: Analysis of Major Provisions
Although the Economic Stimulus Act of 2008 provides only a few incentives for businesses to purchase additional equipment, it provides the much-publicized rebate checks for individuals. The Economic Stimulus Act provides taxpayers with a significant opportunity to expense business investments under IRC section 179. The amount of property that can be depreciated is limited by the modified accelerated cost recovery system. The Economic Stimulus Act increases the limitation on the allowable depreciation on passenger automobiles under IRC section 280F by $8,000 in the first year, unless the taxpayer elects out. To receive their rebate under the Economic Stimulus Act, taxpayers need only file a 2007 return. Although this is one of the shortest and fastest tax bills passed by Congress, and ha...
- CPA Journal, The
- Vol. 78 Nbr. 6, June 2008
- Income taxes: Modified accelerated cost recovery system property; changes in use; depreciation,
- FR, March 01, 2004
- Proposed rules
- Internal Revenue Service
- MACRS reclassification not change in accounting method.
Modified accelerated cost recovery system
- Journal of Accountancy
- Vol. 195 Nbr. 5, May 2003
- Income taxes: Modified accelerated cost recovery system property acquired in like-kind exchange or as result of involuntary conversion; depreciation Changes in use,
- FR, June 17, 2004
- Rules
- Internal Revenue Service
- Saginaw Bay Pipeline Company V. United States: Saginaw Wins the Pipeline Depreciation Battle, but Is the War Over?
Saginaw Bay Pipeline Company (Saginaw Bay), an entity formed under a subsidiary of the Michigan Consolidated Gas Corp, operated a 126-mile underground, steel pipeline network constructed to transport "raw" or "wet" natural gas. As such, the company depreciated the asset over seven years under the Modified Accelerated Cost Recovery System (MACRS). The IRS challenged Saginaw Bay's use of this seven-year recovery period, maintaining a fifteen-year depreciation schedule was appropriate. In doing so, it disallowed $3,474,244 worth of depreciation deductions taken by the company. The overt issue for the Sixth Circuit Court of Appeals was whether Saginaw Bay's subterranean natural gas pipeline system should be depreciated over a seven-year period as opposed to a fifteen-year period. In conclus...
- Energy Law Journal
- Vol. 27 Nbr. 1, January 2006