Cost Segregation Articles
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Why Cost Segregation?
What if this could be the year you take that large on your income tax return? You could possibly get thousands, and possibly millions in positive cash flow. If this sounds too good to be true, we can assure you …
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IRS Sending Letters Related to Qualified Opportunity Funds (IR 2020-274)
The IRS has started sending letters to taxpayers “who may need to take additional actions” …
IRS Issues Like-kind Exchange Final Regs (TD 9935)
The IRS has issued final regs to implement recent statutory changes to Code §1031 regarding …
How to Identify a Quality Cost Segregation Study?
By: Tim Ibbotson The Service has emphasized “corroborating evidence” and “factually intensive documentation.” The underlying …
The 2020 Tax Season Holds Unique Challenges for Tax Advisors
By: David Deshotels Just like everything else in the year 2020, the 2020 Tax Season …
Safe Harbor for Certain PPP Loan Participants (Rev. Proc. 2020-51)
The IRS has issued a safe harbor allowing a taxpayer to claim a deduction in …
Congress Acts on Expense Deductibility When a PPP Loan Is Forgiven
Normally, when a debt is cancelled or forgiven, Code §61(a)(11) dictates that the amount forgiven …