Guidance on QIP Changes to Depreciation (Rev.Proc. 2020-25)
November 24, 2020
The IRS has issued guidance which allows a taxpayer to change its depreciation pursuant to
Category: Industry Insight
IRS Launches Centralized Partnership Audit Website (IR 2020-199)
November 17, 2020
The IRS has launched its Bipartisan Budget Act (BBA) Centralized Partnership Audit Regime website. Under
Cost Segregation Methods Are Not Created Equal
November 10, 2020
By: Lee Shreve “How much does a cost segregation study cost?” is often the first
Catch-up Depreciation
November 3, 2020
By: Robert Taylor, MBA If you have owned a commercial building for several years, a
Appreciating Depreciation for Real Estate Brokers
September 29, 2020
You can become a Tax Hero to your current and potential real estate clients. We’re
Cost Segregation and Estate Planning
September 15, 2020
Cost segregation can be a very effective strategy for Estate Planning Attorneys. If the grantor
The Real Estate Professional (REP) Designation
August 20, 2020
One of the most misunderstood areas of real estate is the real estate professional (REP)
Additional Final Regulations Issued on Section 199A Deduction and Suspended Loss Rules (T.D. 9899)
August 11, 2020
The IRS has released “additional final regulations” on the Sec. 199A qualified business income (QBI)
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
Rentals with No Employees Eligible for PPP Loans
July 21, 2020
Eligibility of PPP Loan Forgiveness Would an LLC which only held real estate and had
The Opportunities of the Small Tax Payer Safe Harbor
July 11, 2020
The Small Tax Payer Safe Harbor, along with the Routine Maintenance Safe Harbor, are two
Tax Cuts and Jobs Act Changes Including 100 Percent Bonus Depreciation
June 16, 2020
In December 2017, the Tax Cuts and Jobs Act (TCJA) was signed into law, and
CARES Act Retroactively Fixes The TCJA Glitch
June 9, 2020
Qualified improvement property (QIP) placed into service after 2017 (i.e., regardless of the tax year
Amendments Made to Excess Business Loss Limitation in the CARES Act
June 9, 2020
Previously, Code §461(l)(1) disallowed the deduction of “excess business losses” by non-corporate taxpayers (i.e., an
Temporary Modification of NOL Rules
May 20, 2020
Previously, under Code §172(a), amount of NOL deduction equal to lesser of: Aggregate of NOL
The Least Used but Very Taxpayer-Friendly Option: Routine Maintenance Safe Harbor
May 15, 2020
Written into the Final Tangible Property Regulations (263a) are a set of Safe Harbors that
Maximizing Tax Savings Under the CARES Act Using Cost Segregation
April 21, 2020
On March 27, 2020, the “CARES ACT,” a $2.2 trillion stimulus package, was signed into
The De Minimis Safe Harbor Annual Election
March 19, 2020
Written into the Final Tangible Property Regulations (263a) are a set of Safe Harbors that
Repair Regulations. Are you in Compliance?
July 22, 2015
The largest re-write of the U.S. Tax Code since the 1980’s may be just what
Choosing a Firm to Conduct my Cost Segregation Study
July 9, 2015
When you’re dealing with taxes, you want to do everything exactly by the book. So,