News & Analysis as of

Tax Deductions Property Improvements

White and Williams LLP

FOURTH QUARTER ALERT: 100% Bonus Depreciation Deduction Expires December 31, 2022

White and Williams LLP on

As we move into the final quarter of 2022, it is critical to take note of an expiring tax benefit in the Tax Cuts and Jobs Act (TCJA). Passed in 2017, it allows for 100% bonus depreciation on a wide variety of capital assets...more

Farrell Fritz, P.C.

CARES Act & the “Retail Glitch”

Farrell Fritz, P.C. on

The IRS on Friday released Rev. Proc. 2020-25 to provide guidance for taxpayers who may benefit from the recent correction by the CARES Act of the so-called “retail glitch” (a drafting error in the 2017 Tax Cuts and Jobs Act)...more

Snell & Wilmer

The CARES Act Includes Many Tax Incentives for Businesses - Expands Ability to Take Losses and Deductions

Snell & Wilmer on

On March 27, 2020 the President signed into law a historic $2 trillion stimulus package known as the Coronavirus Aid, Relief, and Economic Security ("CARES") Act to provide economic stimulus for the devastation resulting from...more

Weintraub Tobin

The Wonderful Land of OZ: An Overview of Opportunity Zones

Weintraub Tobin on

Opportunity Zones (or OZs) may be the most talked about provision of the Tax Cuts and Jobs Act of 2017.  There are many twists and turns on the yellow brick road to completing an OZ project.  This article sets forth the...more

Spilman Thomas & Battle, PLLC

Maximizing Profits: How the Tax Cuts and Jobs Act Can Benefit the Construction Industry

The Tax Cuts and Jobs Act (the “Act”), signed by President Trump on December 22, 2017, changed the manner in which taxpayers can approach the overall structure of their businesses. The Act includes multiple provisions that...more

Troutman Pepper

Construction Is Complete On Much Of The Repair Regulations

Troutman Pepper on

On September 13, 2013, the IRS and Treasury Department released final regulations regarding the deduction and capitalization of expenditures related to tangible property. Rules were also released regarding accounting for and...more

6 Results
 / 
View per page
Page: of 1

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
- hide
- hide