Year-End Tax Strategies for Businesses
Withum
DECEMBER 4, 2024
Section 179 expensing, unlike bonus depreciation, can give rise to state income tax benefits. De Minimis Safe Harbor Election Also known as the book-tax conformity election, this election is an administrative convenience that allows businesses to deduct small-dollar (i.e., years) to a shorter depreciable tax life (e.g.,
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