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Cares Act Tax Provisions: It’s Not Personal, It’s Business

April 16, 2020
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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: