FW: Tax Law Alert: IRS Issues Favorable Guidance Regarding Bonus Depreciation

 

 

Monty Bannerman

ArcStar Energy

646.402.5076

www.arcstarenergy.com

From: Stoel Rives LLP [mailto:stoel_rives@stoel.com]
Sent: Friday, April 01, 2011 5:08 PM
To: Bannerman, Monty
Subject: Tax Law Alert: IRS Issues Favorable Guidance Regarding Bonus Depreciation

 

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Legal News Alert from Stoel Rives Tax Law Group IRS Issues Favorable Guidance Regarding Bonus Depreciation April 1, 2011 The IRS this week issued a revenue procedure that provides favorable guidance regarding the 100 percent bonus depreciation provision enacted in late 2010.  Among other things, the revenue procedure allows owners of certain self-constructed property that otherwise would not have qualified for 100 percent bonus depreciation to elect to treat components of the property as qualifying. For a more complete description of the new guidance, click here. Please contact one of the attorneys listed below if you have questions about the guidance or related issues: Chris Heuer at (503) 294-9206 or ckheuer@stoel.com Greg Jenner at (612) 373-8857 or gfjenner@stoel.com Adam Kobos at (503) 294-9246 or ackobos@stoel.com Carl Lewis at (206) 386-7688 or cslewis@stoel.com Kevin Pearson at (503) 294-9622 or ktpearson@stoel.com Nikki Dobay at (503) 294-9885 or nedobay@stoel.com   IRS Circular 230 notice: The information contained herein was not intended or written to be used, and cannot be used, by you or any other person (i) in promoting, marketing or recommending any transaction, plan or arrangement or (ii) for the purpose of avoiding penalties that may be imposed under federal tax law. If you currently subscribe to Stoel Rives legal updates, click here to update your contact information and preferences. To join the Stoel Rives mailing list and ensure direct delivery of future alerts, click here to subscribe. To unsubscribe, send an email to unsubscribe@stoel.com.       Stoel Rives LLP | (800) 88-STOEL (887-8635) | www.stoel.com Alaska | California | Idaho | Minnesota | Oregon | Utah | Washington     This is a publication of the Stoel Rives LLP for the benefit and information of clients and friends. This bulletin is not legal advice or a legal opinion on specific facts or circumstances. The contents are intended for informational purposes only. Copyright 2011 Stoel Rives LLP. View this and other Legal Updates on the web at: http://www.stoel.com/resources.aspx?show=3. This communication may be considered attorney advertising under the rules of some states. Information found in our electronic publications and on www.stoel.com is for general informational purposes only and should not be construed as legal advice nor a solicitation of legal business. No attorney-client relationship attaches as a result of any exchange of information, including emails that are sent from or to the Firm. Please do not send us confidential information or sensitive materials. Unsolicited information sent to Stoel Rives by personswho are not clients of the Firm is not subject to any duty of confidentiality on the part of the Firm. Furthermore, prior results do not guarantee a similar outcome. This email was sent from the offices of Stoel Rives located at 900 SW Fifth Avenue, Suite 2600, Portland, OR 97204. To unsubscribe, send an email to unsubscribe@stoel.com.