Tag: Property Owners

Year-end Tax-Planning Strategies for Property Owners

The year 2020 will be recorded as a time of volatility and market disruption—not to mention a presidential election that changed which party controls the executive branch. Long before COVID-19 entered the picture, the Tax Cuts and Jobs Act (TCJA) of 2017 included a number of benefits for property owners and investors. The Coronavirus Aid,

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QIP Fix in CARES Act Provides a Boost for Property Owners

The CARES Act economic stimulus package approved by Congress includes a tremendous opportunity for property owners to take 100% bonus depreciation for qualified improvement property (QIP) retroactively. Specifically, property owners who used cost segregation for faster depreciation can either file a Form 3115, change of accounting method, or amend 2018 and 2019 returns to generate

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What Property Owners Should Understand About Cost Segregation Post-Tax Reform

Real estate is one of the only U.S. investments that can be depreciated for tax savings as long as property owners understand and utilize cost segregation to maximize their cost recovery. Whether newly constructed, purchased or renovated, portions of a building can be classified into shorter recovery periods for quicker depreciation. The Tax Cuts and

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See How this Tenant Drastically Benefits from a Cost Segregation Study

By applying cost segregation, property investors accelerate depreciation, reduce tax liability and increase their bottom line. This aids in future benefits via abandonment, repairs, routine maintenance and overall asset management. ETS performs hundreds of cost segregation studies on a monthly basis for property owners, providing a detailed engineering review of assets including special purpose mechanical

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