4 bonus depreciation tax tips for construction firms

Construction firms can streamline IRS reviews and avoid audit delays by maintaining strong internal processes and detailed fixed asset documentation for bonus depreciation claims. With IRS resources stretched thin, proper record-keeping reduces the likelihood of extended examinations and follow-up information requests.

With IRS staff under pressure, developing internal processes and documenting fixed assets can avoid extended reviews and additional information requests, writes a construction accountant.

This story was originally published by Construction Dive.