CCH Tax Day Report On January 19, 2017, the IRS announced on its website that the instructions for various 2016 forms relating to the Alternative Minimum Tax (AMT) will be amended to provide that property for which a taxpayer elects out of bonus depreciation is not subject to an AMT depreciation adjustment, effective for property […]
The post IRS to Amend Form Instructions to Eliminate AMT Depreciation Adjustment if Election Out of Bonus Depreciation Made appeared first on Tax & Accounting Blog.