When completing tax research and formulating advice for business clients, you will need to consider bonus depreciation and extra deductions. In this milestone, you will complete the memorandum for Section I of the final project. The IRS publication How to Depreciate Property: Publication 946, found in your module resources, will help you formulate your advice for this client scenario.
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“Maximizing Tax Benefits for Business Clients: Navigating Bonus Depreciation and Extra Deductions”