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...
Can A Cost Segregation Study Protect You From Inflation?
Yes, cost segregation can protect you from inflation. It is also a risk management tool in an inflationary market. Just check the news, inflation is the #1 economic concern for our nation. Skyrocketing gas, electricity, and grocery prices. Supply chain issues and the...
Rental Home Demand is going through the roof
This involves both Short Term Rentals (VRBO/Airbnb) and Long-Term traditional rental home properties. We have seen a huge increase in demand for cost segregation studies on single family (1-4 unit) properties and condos. The demand for depreciation tax...
Tax Planning is Year-round Tax Strategy: Don’t wait!
Today is March 15th, no need to "beware the Ides of March", unless you're Julius Caesar. Or unless you have a huge unmitigated and unplanned for tax liability. That’s almost like being stabbed in the back. If you qualify as a Real Estate Professional or an Active...
A Time to be Grateful and Thankful!
Now is a good time to stop and reflect on our Blessings Our family here at ELB Consulting is grateful and thankful for great client relationships and the continued and repeat business it creates. Like everyone, COVID certainly created changes and challenges to our...
2021 YEAR END TAX PLANNING MAY BE MORE IMPORTANT THAN EVER
The Administration is planning to raise taxes, increase IRS authority, hire more agents, and do more tax return audits The $1T and $3.5T infrastructure bills are coming before Congress this week. How will all this additional spending get paid for? With more taxes. Oh...
An overview of Cost Segregation benefits & methodology
Real estate developers and investors who construct, acquire, or rehab/renovate commercial real estate property (residential rental or income generating commercial property) can realize significant tax savings and increased cash flow via an engineered cost segregation...
Tax Changes are Looming: Consider Tax Strategy Now
The time is right for tax planning and forecasting. You should be considering tax strategy now. The new Biden-Harris administration ran on a platform that included increasing taxes and making the wealthy pay their fair share. The “rich” were an easy target for them to...