Have you reflected on your 2023 tax strategy?
Year-end is here. Your tax planning time is short. Real estate investment provides significant tax incentives. As we enter this final month of 2023, commercial real estate owners are at a pivotal point for tax planning. When navigating the complex landscape of...
A Heartfelt Thanksgiving Toast to the 4 F’s
4F's = Family, Friends, Food & Football Yes, saying the 4F's may seem like click bait, it's not. As the crisp autumn air settles in, the leaves paint the landscape with hues of red and gold. Which means it's time to gather around the table and give thanks. This...
It’s that time of year again: fall foliage & tax strategy
Changing of the leaves, fall football, college basketball around the corner, and the final dash for tax strategy before the year is up. How can you not appreciate the color of the deciduous fall leaves throughout the eastern seaboard and mountains, across New...
Will ‘Ways & Means” Extend 100% Bonus Depreciation?
Many have speculated that 100% bonus depreciation would be extended. With enthusiasm, I can share that the Ways and Means Committee (the House of Representatives' chief tax-writing committee), introduced the Build It in America Act. The Build It in America Act...
Summertime Blues
Think about the classic song co-written by Eddie Cochran and released in 1958. It was covered by The Who, The Clash, Alan Jackson, Brian Setzer, Blue Cheer and several others. The premise being, it’s summertime and a young man just wants to enjoy it. But work and...
Happy “tax efficient” New Year from ELB Consulting
Whether the year ends in a 2 or 3, most everything in your life will generally be the same… The clock turns over every year with a big fanfare; football, champagne, fireworks, rock’n’roll, and a late night! Though when we woke up on January 1, 2023 nearly everything...
The Sunset of 100% Bonus Depreciation in 2022
It is not a “doom and gloom” scenario for the real estate industry The current state of 100% Bonus Depreciation did not come about until the Tax Cuts Jobs Act (TJCA) was signed in February of 2018. It should be noted, when bonus depreciation was offered in the past,...
The 179D & 45L have been enhanced and extended
The newly signed Inflation Reduction Act expanded the 179D Commercial energy incentives & renewed the 45L Residential energy tax credits for 2022 Overall, both have been significantly enhanced and expanded by the Inflation Reduction Act. Revisions and...
Last Year to enjoy the fruit of 100% Bonus Depreciation
These are the leaves of a plum tree at the new home we bought in February. It was barren then, though we anticipated getting the sweet fruit in the summer. In the early spring it came out with lots of blooms. We were thrilled. However, a late snowfall did most of our...