On Monday, December 14, Senator Joe Manchin (D-WV) and Senator Susan Collins (R-Maine) introduced the “Emergency Coronavirus Relief Act of 2020,” which would provide another round of relief to combat the economic fallout...more
The IRS has confirmed that a taxpayer who received a covered loan guaranteed under the PPP and who paid or incurred certain otherwise deductible expenses listed in the CARES Act may not deduct those expenses in the taxable...more
On September 24, the IRS issued Revenue Procedure 2019-38, clarifying rental real estate owners’ eligibility for the highly anticipated tax break under section 199A of the Internal Revenue Code.
Section 199A Deduction...more
10/4/2019
/ Commercial Leases ,
Internal Revenue Code (IRC) ,
IRS ,
Mixed-Use Zoning ,
Pass-Through Entities ,
Qualified Business Income ,
Rental Property ,
Residential Property Owners ,
Safe Harbors ,
Section 199A ,
Tax Deductions