"I've heard about another possible change that might impact us, although I have no idea if it ever got included. That was to eliminate the requirement to depreciate some types of expenses (like equipment purchases) vs. just writing them off in the year purchased."
I believe that was in the bill originally, but am not sure it made it through the last minute craziness to get the bill passed. I don't think that would necessarily be a bad thing unless you're relying on depreciation to give you minimal deductions going forward. |