Welcome, Guest. Register Now!
   
Veiw New Posts View Todays Posts

Ask TaxGuru » Tax Tips » For 2008 » IRS now offers faster depreciation on Racehorses!

» Categories
Ask TaxGuru?
 
Individual
 » Income
 » Estimated Taxes
 » Capital Gains
 » Itemized Deductions
 » IRA/Sep
 » Rental Real-Estate
 » Alternative Minimum Tax
 » Filing Requirements
 » Sole-Proprietorship
 » Medical
 » Auto Expenses
 » Social Security
 » Tax Credit
 » Depreciation
 » Divorce Tax Issues
 
Corporations
 » C-Corporation
 » S-Corporation
 » Limited Liability Company
 » Multistate Tax Issues
 » Non-Profit Organisation
 » Trusts and Gift Tax Returns
 
Financial Planning
 » Estate Planning
 » Retirement Planning
 » Investment Strategy
 » Education Planning
 » Life Insurance
 
US Presidential Tax Policies
 » Democrats
 » Republicans
 
 » Tax Calendar
 » Tax Calculators
 » Contact Us
 
 


Reply
 
LinkBack Thread Tools Display Modes
  #1 (permalink)  
Old 06-24-2008, 01:53 PM
Super Moderator
  
Join Date: Jan 2007
Location: New Jersey, USA
Posts: 804
Blog Entries: 2
IRS now offers faster depreciation on Racehorses!
Great News for Racehorse Owners!

Effective 2009, the IRS has announced that "Horses up to 2 years old and put in use from 2009 through 2013 will get a 3 year write-off" as compared to 7 year depreciation period under the previous!
__________________
Ask TaxGuru
Please refer to the legal disclaimer.
Reply With Quote
Sponsors
Reply

« IRS Reminds Taxpayers to Report Certain Foreign Bank & Financial Accts by June 30! | IRS will enable Taxpayers to access tax returns by computer. »

Thread Tools
Display Modes
Linear Mode Linear Mode

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
E-Filing your 2007 Tax Return will ensure a Faster Rebate Check! TaxGuru For 2008 0 04-10-2008 12:11 AM
Bonus depreciation on software shaui Depreciation 1 03-24-2008 02:10 PM
IRS Offers Tips for Accurate Schedule K-1 Reporting Samatg General 0 02-27-2007 09:12 PM
IRS Offers Online Alternative Minimum Tax Assistance atgadmin News 0 02-01-2007 03:14 PM
Depreciation Rules curlopt Miscellaneous 0 01-25-2007 01:06 AM



Contact Us - Ask TaxGuru - Archive - Disclaimer - Privacy Statement - Top
Copyright ©2007-2008, AskTaxGuru.com
Powered by vBulletin® Version 3.6.8
Copyright ©2000 - 2008, Jelsoft Enterprises Ltd.
SEO by vBSEO 3.1.0