LexisNexis® Legal Newsroom
Year-End Legislation Extends Key Provisions for Businesses, Provides 100 Percent Expensing for Certain Assets and Enacts New Foreign Procurement Excise Tax

By Robert A. Clary II , David G. Noren, James A. Riedy PC and Rachel E. Aaronson As part of legislation enacted at the end of 2010, the U.S. Congress extended several beneficial tax provisions for businesses, including the research credit, active financing exception under Subpart F and look-through rule...

Pepper Hamilton LLP: New Bonus Depreciation Guidance in Rev. Proc. 2011-26 Offers Opportunities for Taxpayers

By Ellen McElroy & Anthony J. Balden The Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010, 1 signed into law last December, temporarily increases bonus depreciation deductions under Section 168(k) from 50 percent to 100 percent. This immediate...