Cost Segregation Articles
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Why Cost Segregation?
Why Cost Segregation? – You Could Save Thousands 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 that this
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Safe Harbor for Certain PPP Loan Participants (Rev. Proc. 2020-51)
PPP Safe Harbor The IRS has issued a safe harbor allowing a taxpayer to claim a deduction in 2020 for certain otherwise deductible eligible expenses
Congress Acts on Expense Deductibility When a PPP Loan Is Forgiven
PPP Loan Normally, when a debt is cancelled or forgiven, Code §61(a)(11) dictates that the amount forgiven be included in the taxpayer’s gross income. Under
How Cost Segregation Effects Recapture
How Cost Segregation Effects Recapture Recapture is one of the most common objections to getting a cost segregation study. However, these objections are often misguided
Does Cost Segregation Method Matter?
Cost Segregation Method The Audit Technique Guide states that accelerated depreciation is an “advantageous depreciation deduction option for taxpayers.” If you are a building owner,
IRS Clarifies Deadlines for Like-kind Exchanges
Notice 2020-23 In an answer to a question posted on its website, the IRS has clarified that Code §1031 exchange deadlines that fell on or
Failing to Satisfy One Requirement Invalidated Deduction for Conservation Easement
Conservation Easement A partnership conveyed a conservation easement to a charity. Under the terms of the deed a formula was included which would divide the