Tax and Business law information. IRS audits. Small Business Tax Audits. IRS tax collections. IRS bank levy. IRS wage execution. Offer in Compromise. IRS Installment Agreement. New Jersey Sales Tax. NJ tax audit. LLC formation. Set-up LLC, Corporation Partnership

 
15-Year Recovery Period for Qualified Improvements

The Tax Bill signed December 17, 2010 extends the 15-year recovery period through 2010 and 2011 for:

Qualified leasehold improvements
Qualified restaurant improvements, and
Qualified retail improvements.

The 15-year recovery period previously expired at the end of 2009. The extension applies to 2010 as well as 2011.

Labels: Qualified Improvement

posted by Ron Cappuccio at 11:04 AM