On 21 December 2018, the U.S. IRS announced the issuance of a revenue procedure on changes made by the Tax Cuts and Jobs Act in relation to deducting expenses under Section 179(a) and on deducting depreciation under Section 168(g).   --- WASHINGTON — The Internal Revenue Service issued Revenue Procedure 2019-08 today to provide guidance on deducting expenses under Section 179(a) and on deducting depreciation under Section 168(g).  These rules, as amended by the Tax Cuts and Jobs Act (TCJA) in December 2017, generally apply to tax years beginning after 2017. Section 179 allows taxpayers to deduct the cost of certain property...