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.
Depreciation recapture is a critical yet often misunderstood concept in the realm of taxation and real estate. For investors, landlords, and business owners, understanding depreciation recapture is essential to avoid surprises when selling assets. This blog will break down what depreciation recapture is, how it works, the rationale behind it, and the potential penalties for […]
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While many property owners understand the basic concept of the 179D tax deduction, the actual calculation process requires careful attention to detail and technical expertise. This guide dives deep into the mathematical components and methodology behind calculating your potential deduction. How is the Energy Savings Percentage Calculated? The foundation of your 179D deduction rests on […]
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As the nation’s leading provider of engineering-based cost segregation studies and R&D tax credit services, CSSI is closely monitoring potential changes to business tax policy. Two key areas of focus under the proposed Trump administration policies could significantly impact how businesses handle depreciation and research expenses. The Return of 100% Bonus Depreciation The current phase-out […]
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A Form 3115 is called the “Application for Change in Accounting Method.” It is for an automatic change in any method of accounting. A form 3115 is filed to change either an entity’s overall accounting method or the accounting treatment of any item, such as switching to the accrual method, accelerating depreciation, expensing a previously […]
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