by Bill Smith | Nov 11, 2022 | Uncategorized
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,...
by Bill Smith | Aug 19, 2022 | Uncategorized
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...
by Bill Smith | Aug 11, 2022 | Uncategorized
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...
by Bill Smith | May 27, 2022 | Uncategorized
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...
by Bill Smith | Apr 4, 2022 | Uncategorized
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...
by Bill Smith | Mar 15, 2022 | Uncategorized
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...