Depreciation

Tax

IRS announces new auto depreciation limits for 2011

The IRS has published Revenue Procedure 2011-21 which sets out new guidelines for inflation-adjusted depreciation limits and lease inclusion amounts for passenger vehicles.

Voice of the Editor

Even though any accounting auditor would tell you it seems like there are an awful lot of tax accountants out there, surely one-third of the country isn't made up of tax preparers, so it's rather startling news to learn that one-third of Americans like to do their taxes. Who knew?
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