Question

What is the maxim um Section 179 deduction for Tax Year 2019? $1000,000 O $1,010,000. $1,020,000. $2,000,000.-

Answer 1

(Q)   What is the maximum Section 179 deduction for Tax Year 2019 ?

(Ans) Option A - $1000000

• The maximum amount you can elect to deduct for most section 179 property you placed in service in tax years beginning in 2019 is $1,000,000, according to the Internal Revenue Service.

(Q) If the IRS intends to close a Taxpayer Assistance Center, they must notify the public at least_____days in advance of the closure date.

(Ans) Option D - 90 days

• The FY 2019 Taxpayer Services appropriation requires a 90-day notice to congressional committees.