Under pre-Act law, depreciable assets used in agriculture activities that are assigned a recovery period...

Under pre-Act law, a net operating loss (NOL) may generally be carried back two years...

Code Sec. 280F limits the Code Sec. 179 expensing and cost recovery deduction with respect...

Under pre-Act law, interest paid or accrued by a business generally is deductible in the...

Under pre-Act law, the like-kind exchange rule provided that no gain or loss was recognized...

A taxpayer may, subject to limitations, elect under Code Sec. 179 to deduct (or “expense”)...

Under current law, a taxpayer may deduct up to 50% of expenses relating to meals...

Under pre-Act law, taxpayers could claim a domestic production activities deduction (DPAD) under Code Sec...

Under pre-Act law, corporations that receive dividends from other corporations are entitled to a deduction...