Tag Archive: "Fixed Asset Review"
-
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. […]
-
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 […]