PATH

As the 2015 tax season comes to a close it is time to prepare for the new provisions associated with Protecting Americans from Tax Hikes (PATH) Act of 2015. The biggest revisions to the depreciation regulation that will ultimately benefit clients are:

• The extension of bonus depreciation through 2019
• The addition of Qualified Improvements (QIP)
• Modifications to Qualified Leasehold (QLHI), Restaurant (QRP), and Retail (QRIP) Improvements

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