[{"articleAbstract":"The CARES Act corrected an error that had made qualified improvement property ineligible for bonus depreciation; IRS regulations and guidance explain how to take advantage of the change.","articleTitle":"Qualified improvement property and bonus depreciation","featureImage":{"imageTagAttributes":{"src":"/etc/designs/default/resources/0.gif","alt":"","title":"","class":"cq-image-placeholder"}},"page":{"path":"/issues/2021/sep/qualified-improvement-property-bonus-depreciation"},"sortDate":"2021-09-01T05:00:00.000-04:00"},{"articleAbstract":"This item discusses how the rules for calculating ATI have changed for 2022 and beyond and how this affects the deductibility limit.","articleTitle":"Sec. 163(j) business interest limitation: New rules for 2022","featureImage":{"imageTagAttributes":{"src":"/etc/designs/default/resources/0.gif","alt":"","title":"","class":"cq-image-placeholder"}},"page":{"path":"/issues/2022/dec/sec-163j-business-interest-limitation-new-rules-2022"},"sortDate":"2022-12-01T05:00:00.000-05:00"},{"articleAbstract":"The owners of an LLC may be tempted to have the LLC elect to be treated as an S corporation for federal tax purposes. However, there are a host of issues that should be considered before making this move. In this article, the authors discuss 10 reasons why it may not be beneficial for an LLC to make an S corporation election.","articleTitle":"10 good reasons why LLCs should not elect to be S corporations","featureImage":{"imageTagAttributes":{"src":"/etc/designs/default/resources/0.gif","alt":"","title":"","class":"cq-image-placeholder"}},"page":{"path":"/issues/2022/oct/10-good-reasons-why-llcs-should-not-elect-s-corporations"},"sortDate":"2022-10-01T05:00:00.000-04:00"},{"articleAbstract":"This article explores the income tax issues that arise from owning or living in a home with a person other than a spouse.","articleTitle":"Tax issues for nontraditional households","featureImage":{"imageTagAttributes":{"src":"/etc/designs/default/resources/0.gif","alt":"","title":"","class":"cq-image-placeholder"}},"page":{"path":"/issues/2017/apr/tax-issues-nontraditional-households"},"sortDate":"2017-04-01T05:00:00.000-04:00"},{"articleAbstract":"Many questions remain with respect to the deductibility at the federal level of state income tax payments made by passthrough entities under new state tax regimes enacted to ameliorate the effect of the cap for individuals on the deduction of state and local taxes.","articleTitle":"Federal implications of passthrough entity tax elections","featureImage":{"imageTagAttributes":{"src":"/content/dam/tta/issues/2022/nov/keck-640x388.jpg","alt":"IMAGE BY PM IMAGES/GETTY IMAGES","title":"keck-640x388"}},"page":{"path":"/issues/2022/nov/federal-implications-passthrough-entity-tax-elections"},"sortDate":"2022-11-01T05:00:00.000-04:00"}]