Since coming into effect in January 2018, Subchapter Z of the US Tax Code—also known as the opportunity zone provisions—has enabled investors to pour billions of dollars into a broad array of ...
In California Ridge Wind Energy LLC, et al. v. United States, the U.S. Court of Appeals for the Federal Circuit addressed whether the amount of the developer's fee claimed by the appellees should be ...
Gov. Jim Justice appears at an anti-Amendment 2 event in Mercer County Tuesday afternoon. (Photo courtesy of the WV Governor’s Office) CHARLESTON — Gov. Jim Justice has been traveling around the state ...
To continue reading this content, please enable JavaScript in your browser settings and refresh this page. As discussed in a prior article, in order to take advantage ...
The Internal Revenue Service has modified the procedures for obtaining its automatic consent to make certain changes in the methods of accounting for amounts paid to acquire, produce or improve ...
Late last year, the IRS released a new set of temporary regulations on tangible asset costs that will likely affect most businesses, especially manufacturers and distributors. With permanent ...
The section 179 deduction allows a small business to take a tax deduction for the entire cost of certain property and equipment in the year it buys that property. That produces a larger, more ...
Income tax filing season has arrived. Executors and trustees overseeing portfolios of real estate or interests in businesses holding tangible property have a new set of complex and far reaching ...
Tangible personal property – that is, property (other than land or buildings) that you can see or touch – is a special asset class in many estates. A client’s tangibles include their jewelry, clothing ...
Michael DiBiase is the president and CEO of the Rhode Island Public Expenditure Council. Most Rhode Islanders have never heard of the tangible tax. But every business in Rhode Island pays this onerous ...
The useful life of an asset is an estimation of the length of time the asset can reasonably be used to generate income and ...