NEW COVID-19 LAW MAKES FAVORABLE CHANGES TO “QUALIFIED IMPROVEMENT PROPERTY” The law providing relief due to the coronavirus (COVID-19) pandemic contains a beneficial change in the tax rules for many improvements to interior parts of nonresidential buildings. This is...
Innovative Strategies For Winning Tax Controversies, Business Structuring And Estate Planning
Qualified Improvement
Qualified Improvements
15-Year Recovery Period for Qualified Improvements The Tax Bill signed December 17, 2010 extends the 15-year recovery period through 2010 and 2011 for: Qualified leasehold improvements Qualified restaurant improvements, and Qualified retail improvements. The 15-year...