The president-elect’s pledge to repeal President Donald Trump‘s tax cuts as soon as he is inaugurated may be stymied for the foreseeable future.
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Feed SubscriptionIRS finalizes regulations for rehabilitation tax credit
Final rules have been released for claiming the rehabilitation credit under the Tax Cuts and Jobs Act.
Read More »Valuation considerations relating to NOL limits under CARES Act and TCJA
The limitation on net operating losses under the 2017 tax reform were mostly reversed in the stimulus package in March, but there are some complexities to keep in mind.
Read More »IRS finalizes rules on business interest expense deduction limits
The service released the final regulations and other guidance on the deduction, which was amended by the CARES Act.
Read More »Clarifying 5 common misconceptions about cost segregation
Cost segregation can be more complex than you think, depending on who owns the asset, how the property reports revenue, the nature of repairs and improvements made, and the depreciation time frame desired.
Read More »IRS proposes rules for elimination of commuting benefits deduction
The Internal Revenue Service has issued a set of proposed regulations to provide guidance on the elimination of the deduction of qualified transportation fringe and commuting expenses in the Tax Cuts and Jobs Act.
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