Category Archives: Cost Segregation

Cheap Cost Segregation Studies

Cheap Cost Segregation Studies are becoming the norm. Why is that? First… The definition of cheap, as an adjective, according to Merriam-Webster online dictionary shows multiple entries. Here are a few – of inferior quality or worth: TAWDRY, SLEAZY, cheap workmanship gained or done with … Continue reading

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Don’t Mess with the IRS! MACRS

Don’t Mess with the IRS! Who would, right? The sad truth is that most do! Here’s what I mean. If you own commercial real estate or residential rental property, you are REQUIRED to use MACRS depreciation. No doubt you are … Continue reading

Posted in Accelerated Depreciation, Accelerates Depreciation, Apartments, Commercial Real Estate, Cost Segregation, CPA, Dentist Office, Dry Cleaner, Hotel Properties, IRS, MACRS, Medical Office Building, Multifamily, Pharmacies, Ranch, Real Property, Rental Property, Rental Real Estate, Residential Rental Property, Restaurants, Self-Storage Facility, Tangible Personal Property, Tax Deductions, Tax Planning | Tagged , , , , | Leave a comment

IRS 10/15 Tax Deadline & Tax Planning

Another 10/15 IRS tax deadline is upon us and like every year, way too many taxpayers are still scrambling to find ways to cut their taxes. Proper tax planning in advance avoids this “wait to the last minute” mentality. So … Continue reading

Posted in §1245, §1250, Commercial Real Estate, Cost Segregation, CPA, Enrolled Agent, IRS | Leave a comment

Cost Segregation, Cannabis & IRC 280E

Cost segregation, Cannabis and IRC 280E – how are they related and why does it matter? First of all, any one of these subjects is a challenge to navigate on it’s own merits. I am about to deal with all … Continue reading

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Cost Segregation and Its Benefits to Real Estate Investors

A responsible investor makes sure that they are on top of their tax obligations. If you have real estate properties, it’s important that you identify assets and costs to be able to classify assets for tax purposes. This is called … Continue reading

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6 Clever Tips to Keep in Mind Before Purchasing Your First Real Estate Property

Buying your first real estate property, whether it’s a residential or commercial property, is a major milestone in life. Also, you’ve probably allocated a fortune for this big move, which means you wouldn’t want to lose any of your hard-earned … Continue reading

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3 Basic Strategies for Reducing Your Taxes

The goal of tax planning is to arrange your financial affairs so as to minimize your taxes. There are three basic ways to reduce your taxes. Source: 3 Basic Strategies for Reducing Your Taxes

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Does Section 1245 Property Include Real Property?

Does Section 1245 Property Include Real Property? Section 1245 property does include personal property.  Assets such as computers, desks, chairs, copiers, etc. are all personal property falling under Section 1245.  However, Internal Revenue Code Section 1245 does include real property … Continue reading

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S Corp Employment Taxes | Avoid Double Taxation

Learn how to avoid double taxation and lower your employment tax liability by forming an S corporation. Source: S Corp Employment Taxes | Avoid Double Taxation

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What Is the IRS Depreciation Schedule for Commercial Real Estate?

What Is the IRS Depreciation Schedule for Commercial Real Estate? Commercial real estate is an asset qualifying for depreciation.  It cannot be expensed as an ordinary method of write-off.  However, in 2011, the US Congress passed legislation that allowed for 100% bonus depreciation … Continue reading

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