IRS Announces Depreciation Deductions for Automobiles
Society of Financial Service Professionals | February 23, 202326 CFR 601.105: Examination of returns and claims for refund, credit, or abatement; determination of correct tax liability.(Also Part I, §§ 280F; 1.280F-7.)SECTION 1. PURPOSEThis revenue procedure provides: (1) two tables of limitations on depreciation deductions for owners of passenger automobiles placed in service by the taxpayer during calendar year 2023; and (2) a table of......
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