Why You Need a Mentor and Real Estate Attorney As a wise real estate investor, you should surround yourself with a team of professionals who can help maximize the profitability of your business. Last month we looked at the benefits of having an accountant and a bookkeeper on your team. This month, we will look...Read More

Have a Smooth Transaction As a real estate investor, you don’t have to do it alone–it is wise not to. Instead, you should surround yourself with a team of experienced professionals who can help maximize the profitability of your business. So who do you need on your real estate investment team? That’s what we are...Read More

As a real estate investor, you aren’t a lone wolf. Surrounding yourself with a team of professionals who can help maximize the profitability of your business is essential. So do you need your real estate investment team? We will look at them in our blog series, “Your Real Estate Investment Team.” Today we are looking...Read More

There are many reasons that investors are putting their money into rental property. From ongoing income to tax benefits, we will look at them all, as well as one of the best ways your rental property can deduct your tax burden by getting a tax segregation study done on your rental property. Ongoing Income From...Read More

100% Bonus Depreciation is changing after the 2022 tax year. It will be reduced in  2023 to 80%2024 to 60% 2025 to 40%2026 to 20% 0% bonus depreciation in 2027 That is if nothing is changed in the coming years.   Cost Segregation Studies are Still Beneficial Although bonus depreciation is being reduced, it does not reduce the...Read More

On June 1st, 2022, the IRS published the latest edition of the Cost Segregation Audit Technique Guide (ATG). The Cost Segregation Audit Technique Guide (ATG) aids IRS examiners during audits by providing: ·       Technical Information ·       Examination Techniques ·       What to look for when reviewing cost...Read More

How Cost Segregation is affected when a business elects to be a Real Property Trade or Business under Sec. 163(j). A CPA recently asked us how Cost Segregation is affected when a business elects to be a Real Property Trade or Business under Sec. 163(j). The trade-off of making the election under 163(j) is that...Read More

Don’t Miss Out On A Cost Segregation Study This Year! 2022 is the Final Year to Get 100% Bonus Depreciation. On January 1, 2023, the bonus depreciation rate will be changed to 80%, after that it will be phased out by 20% each year. The Tax Cuts & Jobs Act of 2017 (TCJA) was the...Read More

What is Qualified Leasehold Improvement Property Bonus depreciation is one method of accelerated depreciation, often called a “special depreciation allowance,” by the IRS. The IRS defines qualified Improvement Property (QIP) as any improvement made by the taxpayer to an interior portion of a nonresidential real property building. Such modification is placed in service after the...Read More

Common Cost Segregation Questions: Depreciation. The concept of depreciation is crucial to your cost segregation strategy. Even if your property isn’t decreasing in value, you could qualify for a deduction. Q. How does cost segregation affect depreciation to help lower my business’s property taxes? A. The concept of depreciation is crucial to your cost segregation...Read More