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Still No Change in the Nondeducibility of PPP-funded Costs
Learn more about the IRS Rev. Rul. 2020-27 issued on November 18, 2020, regarding nondeducibility of PPP-funded costs and impact on borrowers.
100% Bonus Depreciation Available for Qualified Improvement Property
Learn more about IRS released Revenue Procedure 2020-25 and how you can change depreciation for qualified improvement property (QIP) under §168 of the Internal Revenue Code.
Tax Accounting for Construction
With the passing of the Tax Cuts and Jobs Act (TCJA), contractors with average annual gross receipts less than $26 million for the three prior taxable
Delay of Game: IRS Postpones Partner Tax Basis Capital Reporting Requirement to 2020
Learn more about Notice 2019-66, providing guidance on various partnership reporting requirements for the 2019 tax year.