Tax Alert: IRS Issues Final Bonus Depreciation Rules

The IRS has released long-anticipated final bonus depreciation rules, which will implement the first-year 100% deduction that was included in the Tax Cuts and Jobs Act (TCJA). Please note that

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“Congressional Intent” – The Senate Finance Committee Republicans

Tax Alert: The Senate Finance Committee Republicans sent a letter yesterday to #Treasury and #IRS providing their “congressional intent” regarding three #TCJA provisions that require technical corrections – QIP, NOL, and the sexual harassment settlement deduction.

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