TM or SM? Use of Trademark (TM) and Service Mark (SM) Symbols

One common question related to the use of a trademark surrounds the use of the symbols “TM”, “SM” and ®. There can be some confusion about which symbol to use with a particular trademark and also when a symbol should be used with a trademark. The “TM” and “SM” symbols should be used to designated …

Bonus Depreciation – Late Elections for Bonus Depreciation

On July 31, 2019, the IRS issued Rev. Proc. 2019-33, which allows taxpayers to change their elections regarding bonus depreciation for property acquired after September 27, 2017 and placed in service during the taxpayer’s 2016 or 2017 taxable year. Under the revenue procedure, a taxpayer may make late elections to use bonus depreciation on such …