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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...

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 successful business owner who recently decided to sell two major assets from her manufacturing company: a commercial...

The 179D tax deduction, also known as the Energy-Efficient Commercial Buildings Deduction , is a section of the tax code designed to...

In tax accounting, recapture is the process of adjusting taxable income higher due to certain deductions made in the previous period. A...

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

As changes in the tax landscape accelerate, understanding cost segregation has never been more pivotal for real estate owners and...

The Modified Accelerated Cost Recovery System (MACRS) is the primary method for calculating depreciation for tax purposes in the United...

Depreciation is more than just an accounting technique, understanding the mechanics enables businesses to make informed decisions.

Cost segregation has emerged as a powerful tax strategy that has transformed how real estate investors approach property depreciation....