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.
Depending on how much experience you have saving money, Baby Step 1 could be a piece of cakeâor it could sound downright impossible. We asked our Facebook followers how they would save $1,000 in one month, and we got loads of advice. Lots of folks turned to the basics: good budgeting and cutting back on spending.hat might not add up to $1,000 in one month, but it sure can help you get there. Eating out was the top suggestion for cutting back on expenses, and many people advised wise spending in general. âUse cash,â Eve D. advised.