Tag Archive: "Bonus Depreciation"
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It’s Year-End…Let’s Find Some Deductions!
Fixed asset reviews and repair and maintenance studies can be effective tools in year-end tax planning. Prior to December 31, 2022, taxpayers were able to benefit from 100% bonus depreciation on certain assets for federal and (possibly) state income tax purposes. The amount of allowable bonus depreciation began to be reduced effective January 1, 2023. […]
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CLA Talks: The Effect of Legislation on Cost Segregation Studies
Mona Stocki, Director and leader of our Cost Segregation practice, stopped by to discuss the impact of legislation on cost segregation studies and the real estate industry. Our conversation will be a great refresher of the Tangible Property Regulations and the revised definition of personal property with respect to Section 1031 exchanges. Oh, and a […]
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CLA Talks: Federal Tax Strategies for the Real Estate Industry
Cost Segregation Director Mona Stocki recently joined me to discuss the different ways that real estate clients can maximize deductions and improve cash flows. In this CLA Talks video, Mona highlights the benefits of cost segregation studies, repairs and maintenance studies, and fixed asset reviews. If you are looking to learn how accelerated and bonus […]