The One Big Beautiful Bill Act (“OBBBA”), enacted into law on July 4, 2025, provides extensive federal tax policy changes impacting a multitude of industries, including commercial real estate (“CRE”). With respect to CRE,...more
Summary - Revenue Procedure 2020-25, issued on April 17, 2020, clarifies the process by which taxpayers are able to claim depreciation deductions including 100% “bonus depreciation” for the cost of certain leasehold and...more
The IRS issued Rev. Proc. 2020-25 providing much-anticipated guidance for how taxpayers may take advantage of the retroactive change in the tax rules allowing for expensing of Qualified Improvement Property (QIP)....more