Imagine you`re the proud owner of Los Pollos Hermanos, a fast-food empire with 14 locations in the American southwest that you`ve built on the twin pillars of perfectly seasoned fried chicken and meticulously maintained restaurants.
The year is 2018, and you`ve noticed that a few of your establishments, including the flagship spot in Albuquerque, could use some freshening up. So you dip into the corporate coffers and pony up $1,000,000 to renovate and refurbish the interior portion of several of your restaurants. And you couldn`t wait to do it. Why is that?
...How could that be? Based on your homework, you had been certain that
your improvements would give rise to an immediate $1 million deduction.
And you were right. But now, your trusted accountant has informed you
that instead, you`ll recover that investment over nearly FOUR DECADES.
And she`s right. How can both of those things be true?...
To understand how you got in this mess...
...moreRSK: This is some serious tax write-offs going down the drain. I hope the House gets its act together asap!!
Share this article on you social outlets
Our Sponsors
- - Volume: 7 - WEEK: 12 Date: 3/19/2019 9:10:04 AM -