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CARES Act

Details of Main Street Lending Program

Details of Main Street Lending Program

On April 9th, the Federal Reserve took additional actions to provide up to $2.3 trillion in loans to support the economy through the Main Street Lending Program (“MSLP”). The actions the Federal Reserve are taking to support employers of all sizes and communities...
Qualified Improvement Property Correction

Qualified Improvement Property Correction

Before the TCJA, capitalized expenditures for qualified improvement property—i.e., certain improvements to the interior of a non-residential building that occurred after the building was placed in service—generally had a 39-year recovery period, except that three...