For the most up-to-date information on Qualified Improvement Property, see our latest post. On December 15, the conference report for the Tax Cuts and Jobs Act was released and reconciles several key differences for real estate owners between the proposed House and Senate bills (discussed in KBKG’s previous Tax Insight dated November 10, 2017). The … Read More
For the most up-to-date information on Qualified Improvement Property, see our latest post. Many tax professionals are still unclear about the newest classification of building improvements eligible for bonus depreciation when placed in service on or after January 1, 2016. That’s understandable considering there has been over a dozen additions or changes to rules relating … Read More
For the most up-to-date information on Qualified Improvement Property, see our latest post. Internal Revenue Service in Action on Action on Decision 2017-02 announced that it will continue to litigate the issue surrounding placed in service dates for certain buildings that have received their certificate of occupancy but aren’t ready and available for their “specifically … Read More
For the most up-to-date information on Qualified Improvement Property, see our latest post. The new Qualified Improvement Property category put into effect in 2016 by the PATH Act will have a broad impact on almost all real estate owners for the near future by increasing the likelihood real property capital expenditures are eligible for bonus … Read More