At the beginning of 2022, provisions were introduced into the CIT Act limiting the amount of tax depreciation deductions in real estate companies. According to Article 15(6) of the CIT Act, ...

A bipartisan deal between leaders of the House and Senate tax-writing committees would raise limits on the Section 179 expensing provision that is popular with farmers. The deal also would restore a ...

House Ways and Means Committee Chairman Jason Smith, R-Mo., center left, talks with Rep. Adrian Smith, R-Neb., center right, during an April 2023 committee hearing. (AP Photo/Kevin Wolf) Two tax ...

The U.S. Internal Revenue Service (IRS) has issued new guidance providing businesses with a clearer pathway to benefit from a significant tax break under the One Big Beautiful Bill (OBBB). This ...

The enacted One Big Beautiful Bill (H.R.1, O3B) amends current tax law provisions and adds other provisions that affect real estate investments. This alert is intended to provide a summary of tax ...

Corporations are expected to claim $16 billion in new tax breaks this year for purchases they had already made and put into use before the July passage of the Republican tax law, according to an ...

Most tax practitioners and real estate investors are aware of the depreciation-related changes to the Tax Code in recent years. However, because of the rapid changes to these rules, many people are ...

With 30 tax provisions set to expire at the end of 2025, the tax liabilities for family farms could increase at a time America’s farm families can ill afford any additional hits to the budget.

Understand depreciation expense vs. accumulated depreciation and their impact on financial statements and asset valuation.