Update: Section 179D Deduction Extended Through 2020

Commercial building owners and designers received a lucrative gift this holiday season. On December 20, 2019, President Trump signed into law the Further Consolidated Appropriations Act, 2020, a $1.4 trillion spending package that renewed various tax extenders, including the §179D deduction for energy-efficient commercial buildings. The §179D deduction—which offers tax savings of up to $1.80 [...]

By |2019-12-30T18:32:33-07:00December 30th, 2019|Uncategorized|Comments Off on Update: Section 179D Deduction Extended Through 2020

Frequently Asked Questions (FAQs) about Cost Segregation

For commercial building owners, the federal tax code offers several strategies to help offset the many costs associated with owning and maintaining a commercial property. One of these strategies is Cost Segregation, which allows building owners to reduce their tax burdens and boost cash flow through accelerated depreciation deductions. Wondering if you are eligible for [...]

By |2019-12-04T08:10:18-07:00December 4th, 2019|Bonus Depreciation, Commercial Buildings, Cost Segregation, Tax Cuts and Jobs Act, Tax Reform|Comments Off on Frequently Asked Questions (FAQs) about Cost Segregation

Enhancing Opportunity Zone Tax Savings with Cost Segregation

For businesses and individuals alike, the enactment of the Tax Cuts and Jobs Act (TCJA) in 2017 created and expanded numerous tax savings opportunities. One new feature of the TCJA is the Opportunity Zones program, which was designed to attract investment and promote job creation in economically distressed communities. While stimulating growth in these communities, [...]

By |2019-10-28T06:59:35-07:00October 28th, 2019|Bonus Depreciation, Cost Segregation, Opportunity Zones, Tax Reform|Comments Off on Enhancing Opportunity Zone Tax Savings with Cost Segregation

Cost Segregation Studies: The Key to Taking Advantage of Expanded Bonus Depreciation

By reclassifying certain real property assets as personal property, Cost Segregation studies offer a powerful way for commercial building owners to unlock depreciation deductions—thereby reducing their tax burdens and boosting cash flow. However, following sweeping changes under the Tax Cuts and Jobs Act of 2017, Cost Segregation may be more beneficial than ever before due [...]

By |2019-08-31T05:17:12-07:00August 31st, 2019|Bonus Depreciation, Cost Segregation, Tax Reform|Comments Off on Cost Segregation Studies: The Key to Taking Advantage of Expanded Bonus Depreciation

Update: Senate Launches Effort to Renew §179D Deduction and Other Tax Extenders

The Senate Finance Committee recently launched an initiative that would renew the tax extenders—or temporary tax incentives, including the §179D deduction for energy-efficient commercial buildings, that have expired in the past few years. The tax extenders were never permanent parts of the tax code, but historically would lapse at the end of each year and [...]

By |2019-07-03T17:45:21-07:00July 3rd, 2019|Uncategorized|Comments Off on Update: Senate Launches Effort to Renew §179D Deduction and Other Tax Extenders

Using Life Insurance Retirement Plans (LIRPs) as a Tax Diversification Strategy

In planning for retirement, most investors are familiar with the concept of diversification as a way to minimize the volatility of their portfolios over time. However, another important financial strategy is often overlooked: tax diversification. By leveraging tax diversification through the use of tax-free assets, such as life insurance retirement plans (LIRPs), investors can build [...]

By |2019-07-03T17:14:11-07:00July 3rd, 2019|Uncategorized|Comments Off on Using Life Insurance Retirement Plans (LIRPs) as a Tax Diversification Strategy

The Impact of Cost Segregation Studies on Historic Tax Credit Claims

The federal tax code provides several incentives and strategies that allow commercial building owners to reduce their tax burdens. Among the most powerful of these strategies is Cost Segregation, which enables building owners to claim accelerated depreciation deductions by simply reclassifying certain real property assets as personal property. Another provision called the Historic Tax Credit [...]

By |2019-05-23T06:41:30-07:00May 23rd, 2019|Uncategorized|Comments Off on The Impact of Cost Segregation Studies on Historic Tax Credit Claims

Understanding the Section 45S Employer Credit for Paid Family and Medical Leave

In September 2018, the IRS issued Notice 2018-71 providing guidance on a lesser-known feature of the Tax Cuts and Jobs Act: the Section 45S Employer Credit for Paid Family and Medical Leave. Created as a way to incentivize businesses to continue paying employees who are out of work to care for family members, Section 45S [...]

By |2019-04-20T05:11:56-07:00April 20th, 2019|Uncategorized|Comments Off on Understanding the Section 45S Employer Credit for Paid Family and Medical Leave

Opportunity Zones Offer a Powerful Way to Reduce Taxes—Here’s What Investors Need to Know

The Tax Cuts and Jobs Act—the sweeping tax reform law enacted in December 2017—has garnered significant attention for drastically lowering the corporate tax rate and expanding incentives for individuals and businesses. However, one lesser-known feature of the new tax law is the Investing in Opportunity Act, which established the Opportunity Zone program.  Created with the [...]

By |2018-12-29T06:35:11-07:00December 29th, 2018|Uncategorized|Comments Off on Opportunity Zones Offer a Powerful Way to Reduce Taxes—Here’s What Investors Need to Know

An End-of-Year Checklist for Minimizing Your Business Tax Burden in 2018

As the year quickly draws to a close, the time has come for businesses to start the onerous process of preparing for tax season. Although the end of the year tends to be hectic, it is crucial to begin gathering paperwork and planning strategies in order to reduce your business’s 2018 tax burden. Recent changes [...]

By |2018-11-15T05:15:54-07:00November 15th, 2018|Uncategorized|Comments Off on An End-of-Year Checklist for Minimizing Your Business Tax Burden in 2018