In this case the taxpayer, a doctorsâ office, displayed various pieces of art in its offices, claimed depreciation on said artwork, which the IRS disallowed. At trial the IRS argued that the works of art did not have a useful life, based on Revenue Ruling 68-232.
A reduction in HAPU incidence by just 1 percentage point (3.5% to 2.5%) results in potential savings of $1,305,000 per year. Calculate your own potential savings below.
A Lowe's Protection Plan starts the day you purchase it and provides coverage for 3 or 5 years along with benefits not covered by the manufacturer.â¡. Benefits include: 1  We'll reimburse you for food spoilage from the date of plan purchase. 2  Up to $150 per claim on 3-year plans. 3  Up to $250 per claim on 5-year plans. Up to $250 per claim on 5-year plans. 2  With a 5-year plan, we'll reimburse you for necessary rentals starting from the date of plan purchase for refrigerators and freezers. 3  We'll cover necessary repairs due to normal wear and tear. 4  If your product can't be fixed, we'll replace it.*.