This Week's Internal Revenue Bulletin

HIGHLIGHTS OF THIS ISSUE

These synopses are intended only as aids to the reader in identifying the subject matter covered. They may not be relied upon as authoritative interpretations.

INCOME TAX

REV PROC 2019-33, page 662. This revenue procedure provides guidance allowing a taxpayer to make a late election, or to revoke an election, under section 168(k)(5), (7), or (10) of the Internal Revenue Code for certain property acquired by the taxpayer after September 27, 2017, and placed in service or planted or grafted, as applicable, by the taxpayer during its taxable year that includes September 28, 2017.