Bonus Depreciation and §754 Step-ups to Partnership Assets
Bonus Depreciation and §754 Step-ups to Partnership Assets By: John Conner Bonus depreciation, now set
Author: Cost Segregation Services, LLC
Bonus Depreciation and §754 Step-ups to Partnership Assets By: John Conner Bonus depreciation, now set
“IRS Updates “Automatic Consent” Revenue Procedure (Rev. Proc. 2022-14) By: John Conner The IRS has
New IRS Audit Effort Focuses on Partnership Loss Limitation Rules By: John Conner The IRS
End of Year Tax Strategies You Can Take to the Bank – Part Two By
End of Year Tax Strategies You Can Take to the Bank – Part One A
By: John Conner A new Code §1A would impose a tax on “modified AGI” over
By: John Conner The Senate Finance Committee has released its portion of the Build Back
Section 179 Deduction By: Robert Taylor The section 179 deduction allows eligible taxpayers to fully
Actions Tax Professionals Should Take after a Data Theft or Loss By: John Connor If
Victims of Hurricane Ida in New York and New Jersey Have Until 1/3/22 to File
Who Qualifies for the Research & Development Tax Credit? By: Warren Dazzio What is the
IRS Commissioner Provides Overview of Key Areas Affecting Taxpayers By: John Connor IRS Commissioner Charles
Utilizing Passive Losses as a Rental Real Estate Owner By: Robert Taylor This article addresses
Increased IRS Funding and New Reporting Requirements The budget includes $6 billion in discretionary spending
A Little-known CARES Act Provision By: Warren Dazzio Amidst all of the pandemic, a little-known
C Corp Tax Rate could increase to 28% Before the TCJA reduced the highest marginal
IRS Audit in the Office of Appeals If a client is thinking about appealing an
When and How to File a Form 3115 A Form 3115 is called the “Application
The Disaster Relief Act of 2020 The Disaster Relief Act of 2020 added a temporary
How a Historic Tax Credit works with Cost Segregation By: Lee Shreve Cost Segregation has
Repayment of 2020 Excess Advance Premium Tax Credit Suspended (IR 2021-84) The American Rescue Plan
IRS Sending Out 2020 Recovery Rebate Credit Letters (IR 2021-76) The IRS is mailing letters
Grouping of Activities By: Robert Taylor A typical ownership structure for an owner-occupied commercial building
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 The IRS has issued
Final Carried Interest Regulations The IRS has issued final regulations under Code §1061, which requires
481a Adjustments A 481a adjustment is necessary when there is a change in method of
The Gold Standard Cost Segregation Approach By: Lee Shreve When choosing to have a cost
Forgiven PPP Loan Monies One of the most-asked questions in both the recent fall tax
Qualified Residential Living Facilities The IRS is providing a “safe harbor” for “qualified residential living
Here is what you should consider when looking for a quality firm to complete your
Section 179 Recent Tax Laws provide incentives including 100% Bonus Depreciation and Section 179. As
IRS Sending Letters to Taxpayers About Qualified Opportunity Funds The IRS has started sending letters
Code Section 1031 The IRS has issued final regs to implement recent statutory changes to
Quality Cost Segregation Firm By: Tim Ibbotson The Service has emphasized “corroborating evidence” and “factually
2020 Tax Season By: David Deshotels Just like everything else in the year 2020, the
PPP Safe Harbor The IRS has issued a safe harbor allowing a taxpayer to claim
PPP Loan Normally, when a debt is cancelled or forgiven, Code §61(a)(11) dictates that the
How Cost Segregation Effects Recapture Recapture is one of the most common objections to getting
Cost Segregation Method The Audit Technique Guide states that accelerated depreciation is an “advantageous depreciation
Notice 2020-23 In an answer to a question posted on its website, the IRS has
Conservation Easement A partnership conveyed a conservation easement to a charity. Under the terms of
Tenant Improvements in Repair Regualtions The words lessee and lessor in §1.162 and §1.263(a) (Tangible
Time Value of Money Have you ever read about lottery winners who win millions and
QIP Depreciation The IRS has issued guidance which allows a taxpayer to change its depreciation
Centralized Partnership Audit Website The IRS has launched its Bipartisan Budget Act (BBA) Centralized Partnership
Cost Segregation Techniques By: Lee Shreve “How much does a cost segregation study cost?” is
Catch-up Depreciation By: Robert Taylor, MBA If you have owned a commercial building for several
Cost Segregation for Real Estate Brokers You can become a Tax Hero to your current
The IRS has provided a “temporary safe harbor” to certain arrangements organized as trusts that