Under the
Revenue Reconciliation Act of 1993, commercial real estate must be depreciated over a period of 39 years using straight-line depreciation, meaning that a commercial building must be depreciated by an equal amount every year of its useful life.
Also, the
Revenue Reconciliation Act of 1993 (RRA' 93) adds to the tax relief offered by IRC Sec 108.
The
Revenue Reconciliation Act of 1993 allows real estate professionals, who spend the majority of their time engaged in real estate activities, to avoid the passive loss limitations.
Revenue Ruling rev'g reversing RRA
Revenue Reconciliation Act of 1993 SBJPA Small Business Job Protection Act of 1996 Sec.
The
Revenue Reconciliation Act of 1993 added section 7701(l) to the Internal Revenue Code.
then offered an amendment that would have repealed the tax increase on Social Security benefits included in the
Revenue Reconciliation Act of 1993.
The
Revenue Reconciliation Act of 1993 ushered in a number of important income tax changes.
The
Revenue Reconciliation Act of 1993 aims many of its tax increases at "wealthy" taxpayers.
These additional cash dividends, which are taxable under the Internal Revenue Code, may include long-term capital gains as well as ordinary income arising from gains upon the sale of securities held for one year or less and, pursuant to the
Revenue Reconciliation Act of 1993, market discount realized upon the sale of securities.
197, enacted as part of the
Revenue Reconciliation Act of 1993 (RRA), includes in the definition of a "Sec.
The
Revenue Reconciliation Act of 1993 inadvertently reduced the dollar thresholds for post-1992 years, preventing many taxpayers from taking a larger interest exclusion; however, the 1996 act retroactively corrected this drafting error.
One of the more significant elements of the debate over passage of the
Revenue Reconciliation Act of 1993 dealt with the retroactive effective dates of certain tax provisions of the law.
