Tax laws and regulations are constantly changing, and it can be difficult to keep up with it all. In this blog, CSSI experts share their insights around the most relevant issues and developments impacting your tax situation.
What Is a Section 481(a) Adjustment? A Section 481(a) adjustment is a catch-up deduction that allows taxpayers to claim the cumulative tax benefit of a method change in a single tax year, without having to amend prior returns. When a taxpayer changes their accounting method, such as reclassifying assets identified through a cost segregation study, […]
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At-a-Glance: Key 2026 Tax Deadlines The table below covers the major filing and payment deadlines most relevant to commercial real estate investors and business entities in 2026. Date Form / Deadline Who It Affects Jan 15 Q4 2025 Estimated Taxes Due Individuals, self-employed, investors (Form 1040-ES / 1120-W) Jan 31 W-2s & 1099-NECs to Recipients […]
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Form 3115 is used to request a change in either an overall accounting method or the accounting treatment of a specific item, such as depreciation. The IRS requires this form to be filed when switching from one accepted accounting method to another, ensuring consistency and transparency in financial reporting. Common reasons to file Form 3115 […]
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Choosing the right cost segregation provider is one of the most important decisions a real estate investor or property owner can make. The difference between a qualified, engineering-based firm and a cut-rate alternative can mean tens, or even hundreds of thousands of dollars in missed deductions, unexpected audit exposure, and hidden fees. To help you […]
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