Blog

Author: Andy Graf

Changes to Vehicle Depreciation

January 24, 2018 by Andy Graf
Copeland Buhl
The Tax Cuts and Jobs Act made changes to the limits on passenger automobiles placed in service after 2017.  These caps are often referred to as the “luxury auto limits” even though they generally affect vehicles that cost $18,000 and above and have a gross vehicle weight of less than...
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Depreciation Changes under Tax Reform

January 24, 2018 by Andy Graf
Copeland Buhl
The Tax Cuts and Jobs Act make substantial changes to the rules for bonus depreciation, Code Section 179 expensing deductions and regular depreciation deductions for property used in a business. Bonus Depreciation Property placed in service and acquired after September 27, 2017 100% bonus is allowed.  Additionally, the post Sept....
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Fake IRS and MN Revenue Scams

November 20, 2014 by Andy Graf
Copeland Buhl
Beware of scam calls and emails claiming to be from the Internal Revenue Service, U.S. Treasury or Minnesota Department of Revenue The IRS and MN Revenue are warning taxpayers of two specific scams to be on the lookout for. One involves email, and the other consists of con artists calling...
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Tax Provisions No Longer Available in 2014

February 14, 2014 by Andy Graf
Copeland Buhl
Every year a number of “temporary” tax breaks, credits and deductions expire on December 31st. Lawmakers usually plan on extending them, but they don’t always do so before year-end. At the end of 2013, Congress let 57 so-called tax extenders or tax breaks expire. In theory, Congress could extend these retroactively to...
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Year end tax planning

November 27, 2012 by Andy Graf
Copeland Buhl
Copeland Buhl & Company prefers to be proactive in tax planning with our clients. This year, planning is a bigger challenge because unless Congress acts, the Bush-era tax cuts expire at the end of 2012, meaning large tax increases for some clients. Among the changes scheduled to take effect in 2013...
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