Although some commentators argued to the contrary, the Internal Revenue Service in a Revenue Procedure issued in late August of 20081 acknowledged that Section 179 elections2 could not be made on amended returns for taxable years beginning after December 31, 2007, without the Commissioner’s consent.3 The Revenue Procedure announced that amendments to the regulations would need to be made resolving the problem,4 provided guidance on the rules applicable to the 50 percent bonus depreciation for 20085 and provided further guidance on depreciation allowances claimable with respect to the Kansas Disaster Area Recovery Assistance Property and GO Zone property.6