Lame Ducks Could Fix TCJA's Bonus Depreciation Problem
By Dustin Stamper and Omair Taher ( November 29, 2018, 2:53 PM EST) -- Officials from the U.S. Department of Treasury have concluded that they do not possess the authority to fix a drafting error in the Tax Cuts and Jobs Act,[1] which excludes qualified improvement property from bonus depreciation. The decision comes despite numerous calls from Capitol Hill and industry for regulatory relief....
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