Introduction Property investors who want to maximize their returns should be aware of an upcoming tax law change that may affect their ability to do so. In this blog post, we will outline the planned reduction of bonus depreciation rates in years to come and explain why you should conduct a cost segregation study before
As a commercial building owner, it is crucial to understand the benefits of cost segregation in order to manage tax liability and maximize the value of your properties. In this article, we will outline the importance of cost segregation and provide real-world examples to show just how much money commercial building owners can save. Commercial
A recent lawsuit filed in the U.S. District Court for the Middle District of Louisiana highlights three important questions that every taxpayer should consider before attempting to claim research and development (R&D) tax credits. In 2016, Cajun Industries LLC, a civil construction company based in Baton Rouge, Louisiana, amended its 2013 tax returns to claim
In 2017 the Tax Cuts and Jobs Act (TCJA) included significant tax breaks for taxpayers but often when a bill like this is passed, the question is asked “How will we pay for it?”. And one answer was to implement an amortization rule for all research & development (R&D) costs beginning in January of 2022
Everyone who owns or has invested in an apartment building should be familiar with cost segregation. Without it, you could be missing out on millions of dollars in tax savings! Keep reading to learn how apartment building owners can use cost segregation to reduce their tax liability and increase revenue. Apartment Building Tax Concerns Apartment
Taxes in 2023 are going to look a bit different than they have in the past. In addition to newly passed tax law updates, a number of pandemic-era provisions will gradually sunset in the years to come. With this in mind, here’s everything you need to know about tax law changes coming in 2023. Inflation