Staying informed on tax issues is essential for real estate investors and small business owners alike. A great CPA newsletter can provide...

I can still feel that knot in my stomach when I first came across that quote: $4,200 for a cost segregation study on my duplex?! As a...

The Certified Cost Segregation Professional (CCSP) designation, granted by the American Society of Cost Segregation Professionals (ASCSP) , is recognized as the top credential in the cost segregation field. This certification showcases a professional's extensive knowledge, commitment to high standards, and dedication to ethical practices in their work. Table of Contents 1. IRS-Aligned Methodology 2. Advanced Audit Defense Capabilities 3. Comprehensive Documentation Standards

As a short-term rental investor, you're always on the lookout for ways to boost your property's financial performance. You might already...

Cost segregation studies are creating quite a buzz in 2025 as a popular tax strategy for property owners looking to speed up their depreciation deductions and boost their cash flow. However, some investors are worried that purchasing and leveraging such a study could raise their chances of getting audited by the IRS. Let’s take a closer look at how to buy a cost segregation study that minimizes audit risk and aligns with IRS guidelines. IRS Perspective on Cost Segregation Th

The Research & Development (R&D) Tax Credit is a federal tax incentive that lets businesses lower their tax bills dollar-for-dollar for...

Right before the pandemic hit, I took the plunge and bought my first commercial property, a cozy mixed-use building with retail space on...

When it comes to real estate and asset management, accurately classifying property types is crucial for compliance and taxation.

Qualified Improvement Property (QIP) is an important tax category that affects how businesses handle the depreciation of certain...

Let me share something that many real estate investors never realize, but it could save you tens of thousands in taxes starting this...

A depreciation schedule is a comprehensive accounting record that monitors the gradual decline in value of an asset throughout its useful life. For real estate investors, these schedules serve as valuable tax tools, enabling you to deduct the cost of income-generating properties over time, which can significantly lower your taxable income without impacting your cash flow. Depreciation Basics Depreciation refers to the wear and tear, deterioration, or obsolescence of propert

The real estate investment landscape is undergoing a significant transformation with the reinstated 100% bonus depreciation

I've put together a detailed guide that covers 1031 exchanges and how they can be effectively paired with cost segregation . Let me...

What is Form 3115? Businesses need IRS approval to change their accounting methods to ensure consistency and fairness in tax reporting....

The 45L Energy Tax Credit is a federal incentive designed to promote energy-efficient residential construction.

Here's the thing about depreciation: it's the tax code's way of acknowledging that everything we build, buy, or develop eventually wears...

Meet Sharron, a thriving business owner who recently made the decision to sell off two significant assets from her manufacturing company:...

The 179D tax deduction, also known as the Energy-Efficient Commercial Buildings Deduction , is a section of the tax code designed to incentivize energy efficiency in commercial properties. Enacted as part of the Energy Policy Act of 2005 , 179D allows building owners and designers to claim a tax deduction for implementing qualifying energy-efficient improvements in commercial buildings. Fundamentals of 179D Energy Efficiency Focus : The deduction applies to improvements made

In tax accounting, recapture is the process of adjusting taxable income higher due to certain deductions made in the previous period. A common example is depreciation recapture , which occurs when an asset is sold for more than its adjusted cost basis. The IRS uses this provision to collect taxes on the profitable sale of an asset that a taxpayer had previously used to offset taxable income. re·cap·ture /rēˈkapCHər/ 1:   the act of retaking How Recapture Works in Real Esta

Think of estate planning as creating a detailed instruction manual for your loved ones about your wishes and assets. Just as you might...