Monthly Archives: February 2014

BoomerJacks Uses Cost Segregation for Tax Refund

BoomerJacks uses cost segregation for huge income tax refund! Last fall we had the privilege of meeting with the owners of DFW favorite, BoomerJacks restaurants.  Well known in the Dallas/Fort Worth area, BoomerJacks are known for their amazing wings and … Continue reading

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CPAs & Cost Segregation Firms

CPAs & Cost Segregation Firms…really, a marriage made in heaven! Today more than ever, CPAs are in need of a good, quality cost segregation firm.  The reasons are many… Added value benefit to suite of services Support the new IRS … Continue reading

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Affordable Care Act – How Obamacare Affects You

Affordable Care Act – How Obamacare Affects You Beginning April 1, 2014, the Individual Shared Responsibility provision (aka the Individual Mandate, aka Obamacare) of the Affordable Care Act calls for each applicable individual to either buy minimum essential health coverage … Continue reading

Posted in Affordable Care Act, CPA, Federal Income Tax, Income Tax, Income Taxes, Obamacare | Leave a comment

Section 752 Proposed Regulations

Section 752 introduces new proposed regulations. On January 30, 2014, the Treasury Department issued proposed regulations under Section 752 of the Internal Revenue Code addressing partnership liabilities and under Section 707 of the Code relating to disguised sales of property.  … Continue reading

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What is an Abandonment Study? Is it Found Money?

Abandonment Study Yields Tax Deductions So, what is an Abandonment Study? An abandonment study is a detailed engineering analysis of building components.  It is used to determine individual component costs being retired or abandoned.  This is typically when renovations or … Continue reading

Posted in Abandonment Study, Accelerated Depreciation, Accelerates Depreciation, Amarillo Cost Segregation, Austin Cost Segregation, Birmingham Cost Segregation, Commercial Real Estate, Cost Segregation, Dallas Cost Segregation, Del Rio Cost Segregation, Denver Cost Segregation, Houston Cost Segregation, LA Cost Segregation, Lubbock Cost Segregation, Nashville Cost Segregation, New York Cost Segregation, San Angelo Cost Segregation, San Antonio Commercial Real Estate, San Antonio Cost Segregation, Seattle Cost Segregation, Waco Cost Segregation | Leave a comment

Cash Flow Improves with Cost Segregation

Cash Flow Improves with Cost Segregation. As many of my small business clients know, Section 179 expensing dropped significantly to $25,000 beginning in 2014.  Bonus Depreciation expired as well.  These deductions were very popular tax strategies increasing cash flow.  I … Continue reading

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Repair Capitalization Regulations 2014

IRS Repair and Capitalization Regulations 2014…how do they affect me? The IRS has released much-anticipated final “repair” regulations (T.D. 9636).  These fall under IRC § 162(a) and § 263(a).  The new Repair Capitalization regs govern when taxpayers must capitalize and … Continue reading

Posted in Accelerated Depreciation, Accelerates Depreciation, Accountant, Accounting, ADCPA, AICPA, Amarillo Cost Segregation, Austin Cost Segregation, Birmingham Cost Segregation, Commercial Real Estate, Cost Segregation, CPA, Dallas Cost Segregation, Del Rio Cost Segregation, Denver Cost Segregation, Federal Income Tax, Franklin Cost Segregation, Houston Cost Segregation, Income Tax, Income Taxes, LA Cost Segregation, Lubbock Cost Segregation, Nashville Cost Segregation, New York Cost Segregation, Repair & Capitalization, San Angelo Cost Segregation, San Antonio Commercial Real Estate, San Antonio Cost Segregation, Seattle Cost Segregation, T.D. 9636, Tangible Personal Property, Waco Cost Segregation | Leave a comment

Section 179 limited to $25,000 in 2014…does it affect Cost Segregation?

Section 179 limited to $25,000 in 2014…does it affect Cost Segregation? First of all…what is Section 179?  Section 179 is an IRS tax code allowing businesses to deduct qualifying purchases during the tax year.  A qualifying purchase includes equipment and … Continue reading

Posted in Accelerated Depreciation, Accelerates Depreciation, Accountant, Amarillo Cost Segregation, American Society of Cost Segregation Professionals, ASCSP, Austin Cost Segregation, Birmingham Cost Segregation, Commercial Real Estate, Cost Segregation, CPA, Dallas Cost Segregation, Del Rio Cost Segregation, Denver Cost Segregation, Franklin Cost Segregation, Houston Cost Segregation, Income Tax, Income Taxes, LA Cost Segregation, Lubbock Cost Segregation, Nashville Cost Segregation, New York Cost Segregation, San Angelo Cost Segregation, San Antonio Commercial Real Estate, San Antonio Cost Segregation, Seattle Cost Segregation, Waco Cost Segregation | Leave a comment