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
Category: Industry Insight
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 By: Kevin Jerry, MST A 481a adjustment is necessary when there is a
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
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
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
Cost Segregation and Estate Planning
September 15, 2020
Cost Segregation for Estate Planning Attorneys Cost segregation can be a very effective strategy for
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
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
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
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
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
Excess Business Loss Limitation Previously, Code §461(l)(1) disallowed the deduction of “excess business losses” by
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
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
De Minimis Safe Harbor Written into the Final Tangible Property Regulations (263a) are a set
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
Cost Segregation Firms When you’re dealing with taxes, you want to do everything exactly by