Are you a Taxpayer with Excess APTC?
May 25, 2021
Repayment of 2020 Excess Advance Premium Tax Credit Suspended (IR 2021-84) The American Rescue Plan
Author: Cost Segregation Services, LLC
Recovery Rebate Credit Letters
May 18, 2021
IRS Sending Out 2020 Recovery Rebate Credit Letters (IR 2021-76) The IRS is mailing letters
Grouping a Rental Activity with a Business Activity
May 11, 2021
Grouping of Activities By: Robert Taylor A typical ownership structure for an owner-occupied commercial building
Reduce Capital Gains from Sold Stocks with Cost Segregation
May 4, 2021
Cost Segregation may be the answer to capital gains on sold stocks By: David Deshotels
Final Regulations Issued on Small Business Tax Accounting & Long-term Contracts (TD 9942)
April 27, 2021
Final Regulations Issued on Small Business Tax Accounting & Long-term Contracts The IRS has issued
Final Carried Interest Regulations (TD 9945)
April 20, 2021
Final Carried Interest Regulations The IRS has issued final regulations under Code §1061, which requires
481a Adjustments
April 13, 2021
481a Adjustments A 481a adjustment is necessary when there is a change in method of
The Gold Standard Cost Segregation Approach
April 6, 2021
The Gold Standard Cost Segregation Approach By: Lee Shreve When choosing to have a cost
Timing of Expenses Paid with Forgiven PPP Loan Monies
March 30, 2021
Forgiven PPP Loan Monies One of the most-asked questions in both the recent fall tax
Qualified Residential Living Facility Safe Harbor for Sec. 163(j) Business Interest Deduction (Rev. Proc. 2021-9)
March 23, 2021
Qualified Residential Living Facilities The IRS is providing a “safe harbor” for “qualified residential living
How to Identify a “Quality Firm”
March 16, 2021
Here is what you should consider when looking for a quality firm to complete your
Maximizing Expense Deductions with 100% Bonus Depreciation and Section 179
March 9, 2021
Section 179 Recent Tax Laws provide incentives including 100% Bonus Depreciation and Section 179. As
IRS Sending Letters Related to Qualified Opportunity Funds (IR 2020-274)
February 23, 2021
IRS Sending Letters to Taxpayers About Qualified Opportunity Funds The IRS has started sending letters
IRS Issues Like-kind Exchange Final Regs (TD 9935)
February 16, 2021
Code Section 1031 The IRS has issued final regs to implement recent statutory changes to
How to Identify a Quality Cost Segregation Study?
February 9, 2021
Quality Cost Segregation Firm By: Tim Ibbotson The Service has emphasized “corroborating evidence” and “factually
The 2020 Tax Season Holds Unique Challenges for Tax Advisors
February 2, 2021
2020 Tax Season By: David Deshotels Just like everything else in the year 2020, the
Safe Harbor for Certain PPP Loan Participants (Rev. Proc. 2020-51)
January 26, 2021
PPP Safe Harbor The IRS has issued a safe harbor allowing a taxpayer to claim
Congress Acts on Expense Deductibility When a PPP Loan Is Forgiven
January 19, 2021
PPP Loan Normally, when a debt is cancelled or forgiven, Code §61(a)(11) dictates that the
How Cost Segregation Effects Recapture
January 12, 2021
How Cost Segregation Effects Recapture Recapture is one of the most common objections to getting
Does Cost Segregation Method Matter?
January 5, 2021
Cost Segregation Method The Audit Technique Guide states that accelerated depreciation is an “advantageous depreciation
IRS Clarifies Deadlines for Like-kind Exchanges
December 29, 2020
Notice 2020-23 In an answer to a question posted on its website, the IRS has
Failing to Satisfy One Requirement Invalidated Deduction for Conservation Easement
December 22, 2020
Conservation Easement A partnership conveyed a conservation easement to a charity. Under the terms of
Tenant Improvements in the Repair Regulations
December 15, 2020
Tenant Improvements in Repair Regualtions The words lessee and lessor in §1.162 and §1.263(a) (Tangible
The Time Value of Money
December 8, 2020
Time Value of Money Have you ever read about lottery winners who win millions and
Guidance on QIP Changes to Depreciation (Rev.Proc. 2020-25)
November 24, 2020
QIP Depreciation The IRS has issued guidance which allows a taxpayer to change its depreciation
IRS Launches Centralized Partnership Audit Website (IR 2020-199)
November 17, 2020
Centralized Partnership Audit Website The IRS has launched its Bipartisan Budget Act (BBA) Centralized Partnership
Cost Segregation Methods Are Not Created Equal
November 10, 2020
Cost Segregation Techniques By: Lee Shreve “How much does a cost segregation study cost?” is
Catch-up Depreciation
November 3, 2020
Catch-up Depreciation By: Robert Taylor, MBA If you have owned a commercial building for several
Appreciating Depreciation for Real Estate Brokers
September 29, 2020
Cost Segregation for Real Estate Brokers You can become a Tax Hero to your current
Temporary Safe Harbor
September 22, 2020
The IRS has provided a “temporary safe harbor” to certain arrangements organized as trusts that
Cost Segregation and Estate Planning
September 15, 2020
Cost Segregation for Estate Planning Attorneys Cost segregation can be a very effective strategy for
Real Estate Professional (REP) Designation: Steps to Qualify
August 24, 2020
Qualifying as a Real Estate Professional There are four (simplified) steps to qualify as a
The Real Estate Professional (REP) Designation
August 20, 2020
Understanding Real Estate Professional (REP) Designation One of the most misunderstood areas of real estate
Additional Final Regulations Issued on Section 199A Deduction and Suspended Loss Rules (T.D. 9899)
August 11, 2020
Additional Final Regulations on Section 199A The IRS has released “additional final regulations” on the
IRS Issues Final Regulations on Debt v. Equity
August 3, 2020
The Latest: Debt v. Equity Regulations In October 2016, the IRS issued proposed regulations on
How Is the New Five-Year NOL Carryback Rule Applied?
July 28, 2020
Five-Year NOL Carryback Rule The Service has issued guidance pursuant to Rev. Proc. 2020-24, which
Rentals with No Employees Eligible for PPP Loans
July 21, 2020
Real Estate Rental PPP Loan Would an LLC which only held real estate and had
Be Aware of the Benefits of Tangible Property Regulations
July 17, 2020
Tangible Property Regulations Benefits One of the largest changes to tax code since 1986 was
The Opportunities of the Small Tax Payer Safe Harbor
July 11, 2020
Small Taxpayer Safe Harbor The Small Tax Payer Safe Harbor, along with the Routine Maintenance
Hotels & Cost Segregation
June 23, 2020
U.S. tax codes require expensing assets such as vehicles, office equipment, and buildings over their
Tax Cuts and Jobs Act Changes Including 100 Percent Bonus Depreciation
June 16, 2020
Tax Cuts & Jobs Act (TCJA) In December 2017, the Tax Cuts and Jobs Act
CARES Act Retroactively Fixes The TCJA Glitch
June 9, 2020
Section 163j Guidance Qualified improvement property (QIP) placed into service after 2017 (i.e., regardless of
Amendments Made to Excess Business Loss Limitation in the CARES Act
June 9, 2020
Excess Business Loss Limitation Previously, Code §461(l)(1) disallowed the deduction of “excess business losses” by
Tax Reform and The New Benefits of Cost Segregation
May 26, 2020
Tax Reform & Commercial Buildings The old saying is “money doesn’t grow on trees,” but
Temporary Modification of NOL Rules
May 20, 2020
NOL Carryback Previously, under Code §172(a), amount of NOL deduction equal to lesser of: Aggregate
The Least Used but Very Taxpayer-Friendly Option: Routine Maintenance Safe Harbor
May 15, 2020
Routine Maintenance Safe Harbor Written into the Final Tangible Property Regulations (263a) are a set
Sec. 179D – Tax Deduction for Energy Efficient Commercial Buildings
May 5, 2020
Energy Efficient Building Deduction An immediate expensing deduction is allowed for energy efficiency improvements to
Maximizing Tax Savings Under the CARES Act Using Cost Segregation
April 21, 2020
Tax Savings Under CARES Act On March 27, 2020, the “CARES ACT,” a $2.2 trillion
Business & Cash Flow
April 14, 2020
Maximize Your Business’s Cash Flow with Cost Segregation Services The first rule of business is
Code Section 110 Part 2
March 19, 2020
Landlord Construction Allowance Planning Considerations Tenant construction allowances are an integral part of commercial real