On this page the ASCSP Education Committee will post recent court cases, comments and a summary of the facts along with key considerations.
Please “click” case title for access.
The first summary is on the Eastwood Mall case. Eastwood Mall primarily deals with excavation and land leveling costs and whether they should be depreciable or not. Please feel free to read through the case summary and refer back to it in the future for reference in your practice.
This case is about 12 categories of property within a childcare facility that were claimed by the plaintiff as investment tax credit eligible but ultimately some were denied by the IRS.