Cost Recovery Questions Abound Amid Government Shutdown

Eversheds Sutherland Counsel Michael Resnick is quoted in Tax Notes Federal discussing taxpayer uncertainty surrounding cost recovery provisions in the 2025 reconciliation bill and the Tax Cuts and Jobs Act. Amid a government shutdown, limited guidance has left tax professionals with questions about section 174A and section 168(n). Michael highlights the need for substantive rules and modeling interactions with other tax provisions, such as the corporate AMT. He also emphasizes the importance of guidance on bonus depreciation and the administrative burden of compliance.

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