Description
Gain an understanding on changes to laws due to the CARES Act, and how taxpayers can generate cash now from accelerating tax deductions.The CARES Act brought relief to taxpayers with the change in depreciable tax life of Qualified Improvement Property. This correction to provisions in the Tax Cuts and Jobs Act creates opportunities for immediate deductions for bonus depreciation for certain improvements to real property. Our presenter from the Cherry Bekaert’s federal credits and accounting methods team will cover the changes in the law, the revenue procedures guidance for taxpayers implementing the change, and walk through examples of how taxpayers can generate cash now from accelerating tax deductions.
Date: 2020-07-20 Start Time: End Time:
Learning Objectives