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.
If you’ve owned commercial property for several years without performing a cost segregation study, there’s a good chance you’ve left significant depreciation deductions on the table. The good news is that it’s not too late to claim them. Form 3115 is the IRS mechanism that allows property owners to go back and capture those missed deductions without […]
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When new information affects your tax liability, such as missed deductions, additional income, or a cost segregation study that unlocks major depreciation, you may need to file an amended tax return. But how long do you have to make those changes before it’s too late? Understanding the IRS deadlines for amended returns is critical, especially […]
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Short-term rentals (STRs) have quietly become one of the most tax-advantaged investment vehicles available to real estate investors, and most people don’t realize it. From beach houses to city-center condos listed on Airbnb or VRBO, STRs already offer strong cash flow. But when you layer in the right tax strategy, they can become significantly more […]
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If your business invests in research and development, the way you track and document that work has never mattered more. Since the Tax Cuts and Jobs Act of 2017 changed the rules around Section 174, companies can no longer deduct R&D expenses in the year they’re incurred. Instead, those costs must be capitalized and amortized, […]
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