nonresidential

qualified improvement property

Qualified Improvement Property: Beware of a Potential Tax Trap

In the current economic environment, cash flow is a precious commodity. Construction companies need to make the most of depreciation deductions that can reduce their tax bills. Fortunately, several provisions of the CARES Act can help you do just that.  One of these provisions fixed a technical glitch, retroactive to 2018, that deprived many taxpayers…

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