In previous articles, I’ve explored some of the most common misconceptions in depreciation law. For the most part, the content has focused on prospective issues. I think it’s important to also cover ...

Business owners considering upgrades to their restaurant, store or office space have until the end of this year to take advantage of a tax rule that allows for quicker recovery on improvement costs.

Depreciation is a business expense applicable to the purchase of capital assets, but it can get a little tricky for owners to work out without getting in trouble with Uncle Sam. If you buy furniture, ...

IMGCAP(1)]As a general rule, the cost of commercial real estate improvements is recovered over a painfully long period of 39 years via straight line depreciation only. However, for specially defined ...

Office building owners and their tenants have long understood the value of depreciation expense in relation to cash flow. Depreciation expense is a deduction that reduces taxable income and thereby ...

S. 34 and H.R. 3396 (Sales Tax Fairness and Simplification Act) Lobbied for the passage of the bill. S. 1361 and H.R. 2014 (Leasehold Improvements) Lobbied to make permanent the 15 year depreciation ...

When a residential or commercial tenant leases real property, the terms of the lease may grant him the right to alter the property by, for example, installing a swimming pool. This right is ...

The National Restaurant Association (NRA) applauded Senators Bob Casey (D-Pennsylvania) and John Cornyn (R-Texas) for introducing legislation (S. 749) to make permanent a 15-year tax depreciation ...