Pronto Tax School


Glossary of Tax Terms

Glossary of Tax Terms   A   Accelerated Cost Recovery System (ACRS) – A method of depreciation that allows for accelerated depreciation rates, i.e. taking more of the depreciation deduction in the earlier years of an asset’s useful life. Used on most types of property deployed for income-producing business ventures from the years 1981 to […]

Scroll to top