Cares Act Tax Provisions: It’s Not Personal, It’s Business
On Wednesday, April 15, Citrin Cooperman professionals participated in a webcast and discussing the following topics:
- Bonus Depreciation on Qualified Improvement Property
- Business Interest Expense Changes
- New Net Operating Loss Carryover Rules including Rev Proc 2020-24 and Notice 2020-26
- Effect of Cares Act Changes on Tax Provisions
- Primer on Cancellation of Debt Rules
- Effect on Individual Returns of Business Tax
View the webcast recording here:
Don't have time to watch the full video?
Watch clips from the webcast below.
BONUS DEPRECIATION ON QUALIFIED IMPROVEMENT PROPERTY
AMENDING 2018 & 2019 BUSINESS TAX RETURNS, INCLUDING PARTNERSHIP RETURNS
CHANGE OF ACCOUNTING METHOD
STATE AND LOCAL TAX IMPLICATIONS
BUSINESS INTEREST EXPENSE CHANGES
NEW NET OPERATING LOSS CARRYOVER RULES
EFFECT OF CARES ACT ON ACCOUNTING FOR INCOME TAXES
EFFECT ON INDIVIDUAL RETURNS OF BUSINESS TAX PROVISIONS
DEFER PAYROLL TAXES ON PPP LOANS
STATE AND LOCAL TAX OPPORTUNITIES
View the presentation here:
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