IRS letter ruling - Extension to elect not to deduct additional first year depreciation 

November 1:  The IRS publicly issued a private letter ruling* granting a taxpayer’s request for an extension of time to make an election not to deduct the additional first year depreciation. PLR 201344006 (released November 1, 2013, and dated August 1, 2013)

Read PLR 201344006 [PDF 48 KB]


*Private letter rulings are taxpayer-specific rulings furnished by the IRS National Office in response to requests made by taxpayers and can only be relied upon by the taxpayer to whom issued. It is important to note that, pursuant to section 6110(k)(3), such items cannot be used or cited as precedent. Nonetheless, such rulings can provide useful information about how the IRS may view certain issues.


The taxpayer predominantly operates on a cooperative basis procuring grocery merchandise for distribution to its members throughout the United States.



For more information, contact KPMG’s National Director of Cooperative Tax Services:


David Antoni, in Philadelphia

(267) 256-1627


Or Associate National Director of KPMG’s Cooperative Tax Services


Brett Huston, in Sacramento


(916) 554-1654




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