White Paper

5 Pages
  • 5 Pages

Impact of Final Regulations & Proposed Regulations for Additional First Year Depreciation Deduction


These regulations provided taxpayers with some clarity but questions remain.

The IRS and Treasury Department issued the final regulations specifying guidance in regard to additional first year bonus depreciation deductions under section 168(k) of the Internal Revenue Code. As much as these regulations, issued in September 2019, cleared up some questions and provided clarity; some concerns remain. This white paper reviews some of those concerns and discusses some of the topics that the regulations provided clarity on and how taxpayers may apply the regulations.



Lester Cook, CCSP

Lester Cook, CCSP


  • Principal of KBKG, Chicago office
  • Has completed cost segregation analyses on thousands of properties ranging from office space leasehold improvements to multibillion-dollar industrial complexes and hotel and resort projects
  • Specializes in cost segregation and fixed asset services, including tangible property repair regulation analyses
  • Has worked with many Fortune 500 companies and successfully representing his claims to both IRS and Financial Auditors
  • AccountingToday author; Tax Court Rejects Taxpayer’s Land vs. Building Allocation
  • Driving Force Speaker; Tax Planning Opportunities for Auto Dealers
  • ASCSP National Conference Speaker; TPR – Interpretation and Practical Application
  • Michigan Society of CPAs; Business Information and Technology conference featured speaker
  • Regular presenter on our KBKG cost segregation, bonus depreciation and tangible property regulation webinar courses that are hosted to thousands of CPAs nationwide
  • B.S. degree in construction management, Purdue University

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