Tag: QIP

State Reaction to CARES Act
State Legislative & Administrative Reactions to the CARES Act

Some CARES Act provisions that states have decoupled from include the increased business interest expense…

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Federal Relief Programs for Businesses
Summary of Federal Relief Available to Businesses of All Sizes

Federal relief available to small, mid-size and large businesses due to COVID-19, including the CARES…

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CARES Act and Favorable Adjustments to Depreciation
CARES Act Provides Taxpayers with Flexibility to Make Favorable Adjustments to Depreciation

Tax planning opportunities for a limited time period in certain circumstances, as a result of…

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CARES Act for Coronavirus Relief
CARES Act Fixed the ‘Retail Glitch’ to Make Qualified Improvement Property Eligible for Bonus Depreciation

Based on a technical correction under the CARES Act, qualified improvement property (QIP) placed in…

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Businesswomen reviewing blueprint in new office
Legislation Introduced to Correct Error For Qualified Improvement Property

Bipartisan legislation was introduced in the Senate that would correct a drafting error that removed…

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