[{"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 guide provides tax preparers an outline of questions to ask clients when evaluating HVAC repair costs.","articleTitle":"Guide to expensing HVAC costs","featureImage":{"imageTagAttributes":{"src":"/etc/designs/default/resources/0.gif","alt":"","title":"","class":"cq-image-placeholder"}},"page":{"path":"/newsletters/2021/apr/expensing-hvac-costs"},"sortDate":"2021-04-15T05:00:00.000-04:00"},{"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":"Partnerships and their partners need to work closely to maintain strong communications to overcome challenges to information sharing and, ultimately, to computational matters and information reporting.","articleTitle":"Reporting aspects of Sec. 743(b) adjustments","featureImage":{"imageTagAttributes":{"src":"/etc/designs/default/resources/0.gif","alt":"","title":"","class":"cq-image-placeholder"}},"page":{"path":"/issues/2022/feb/reporting-aspects-sec-743b-adjustments"},"sortDate":"2022-02-01T05:00:00.000-05:00"}]