45L Energy Efficient Dwelling Credit // Quick Facts
The §45L tax credit, which is only available to eligible contractors, is potentially worth up to $2,000 for each qualified new energy efficient unit. Get more details here.
CARES Act: Net Operating Loss Changes
Read this article to see how the The CARES Act amended §172(b)(1) to provide for a carryback of any net operating loss (NOL). Learn more from your tax experts.
CARES Act: QIP and Immediate Renovations
If a taxpayer buys a building and immediately renovates it, would the improvements qualify as QIP eligible for bonus depreciation? Find out in this FAQ article.
CARES Act: Depreciation
Learn how the CARES Act provides the proper recovery period the Tax Cuts and Jobs Act failed to reflect in the statutory text.
CARES Act: QIP
The CARES Act has provided a technical correction to the TCJA, and now specifically has designations for QIP. The article provides all the details you need.