Thursday, August 01, 2019

Washington - IRS, Treasury issue guidance on making or revoking the bonus depreciation elections

The Internal Revenue Service today issued a revenue procedure allowing a taxpayer to make a late election, or to revoke an election, under section 168(k) for certain property acquired by the taxpayer after September 27, 2017, and placed in service by the taxpayer during its taxable year that includes September 28, 2017.

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New Zealand: Income thresholds to increase for Pacific and parent visa categories

From 30 April 2026, income and sponsorship thresholds will increase for several Pacific and family visa categories. The changes affect the P...