Congress enacted the Tax Cuts and Jobs Act (“TCJA”) in 2018, which created a five-year window for taxpayers to take 100% in first-year bonus depreciation on qualifying property. The Act allows you to deduct 100% in bonus depreciation for any…
IRS issues instructions related to § 199A qualified income business deduction. . . On September 24, 2019, the Internal Revenue Service issued instructions related to certain interests in rental real estate for purposes of the § 199A qualified income business…
At the end of July (7/31), the IRS issued Revenue Procedure 2019-33 (“RP 2019-33”) allowing a taxpayer to make a late election, or to revoke an election, under section 168(k) of the Internal Revenue Code. This applies to certain property…
Subscribe to our Newsletter
About Company
At Thorgood Law Firm in New York, we are IRS attorneys dedicated to bringing legal counsel to taxpayers across the United States.
- 100 Park Avenue 16th Floor New York, NY 10017
- (212) 490-0704
- (212) 202-3879
- info@thorgoodlaw.com
©2020, Thorgood Law Firm. All Rights Reserved. By: Pixemplary