TAX ALERT: The Senate Finance Committee Republicans sent a letter yesterday to #Treasury and #IRS providing their “congressional intent” regarding three #TCJA provisions that require technical corrections – QIP, NOL, and the sexual harassment settlement deduction. For more information, click here.
Manufacturers are always on the lookout for ways to enhance their profit margins and improve tax efficiency. One powerful but often overlooked strategy is cost segregation. This process allows manufacturers to reclassify certain building components for accelerated depreciation, resulting in significant tax savings and improved cash flow. Let’s explore how cost segregation can boost your
The IRS and the Security Summit have issued a renewed warning to tax professionals about a surge in sophisticated scams designed to steal sensitive business and taxpayer information. These schemes pose a serious threat not only to your clients’ financial well-being but also to the integrity of your practice. Evolving Tactics: How Scammers Are Targeting
Artificial Intelligence (AI) is revolutionizing industries worldwide, and real estate investing is no exception. While AI is streamlining property management and optimizing investment strategies, one of the most exciting areas of impact is in maximizing tax credits and incentives. If you’re a new real estate investor wondering, “How can I use AI in real estate