Providing Tax Savings To Building Owners, Investors and Service Providers
Tangible Property Regulation Studies
Removes previously capitalized expenditures that under new guidance must be expensed.
Cost Segregation Studies
Reclassifies building components into shorter depreciable lives for a reduction in income and a tax deferral.
Revenue Recognition Tax Deferrals
We create a sizeable ongoing tax deferral for qualifying service providers including construction contractors.
About Us
Trusted Professionals
Tangible Property Tax Methods, LLC is the first company of its kind—a firm of topnotch professionals rooted solely in complex tax method changes. You can rest assured that your TPR studies will be calculated and implemented to perfection. Achieving TPR compliance is a complex process. Trusting an expert is crucial.
America’s number one educator in the Tangible Property Regulations, Eric P. Wallace, has developed solutions for CPA firms, cost segregation providers, and commercial property owners.
Why Choose Us?
Since 2013, the CPA community has been seeking expert resource partners who understand the complex laws surrounding building depreciation. Not just experts in segregating components of commercial buildings, but those who know the intricacies required for a correct TPR study that the IRS will not overturn. TPTM is that partner.
Passion & Commitment
Honesty & Openness
Dedicated Team
Practical Approach
Meet Eric Wallace, CPA
The Nation’s Leading Expert On Tangible Property Regulations
Eric P. Wallace, CPA is a nationally recognized expert in tax, accounting, auditing, and consulting for the construction, real estate, and homebuilding industries. His work specifically focuses on tax method changes that provide significant tax deductions for the real estate and construction industry and their related owners. He has filed thousands of proved method changes that have resulted in over $300,000,000 million in tax deductions.
If you are a building owner or investor, download this to see how you can save on your taxes
What You Need to Know to be Compliant
The Tangible Property Regulations (TPRs) provide guidelines for building owners to determine to expense or capitalize costs spent on property from 2014 forward.
- A Look at the Tangible Property Regulations
- Why were the Regulations Written
- What is the Impact: Comply vs. Ignore
- Unit of Property
- Building Systems
- Safe Harbors
- RABI Rules
- Opportunities Under § 481
- Partial Asset Disposition
- Resolution
Blog
Bonus Depreciation and TCJA Changes to Section 168
How to Defer Capital Gains Taxes using a 721 Exchange
Capital Gains Tax is Unfortunately Under Fire Again
When is My Building Officially Placed in Service?
Beware of Firms Marketing the Employee Retention Credit
Beware of Cost Segregation Firms Who Do Not Sign 3115s
Did You Renovate Your Commercial Property in 2022?
Example of Capital Budgeting Process
How to File a Tax Method Change to take advantage of the Tangible Property Regulations
When Does Depreciation Begin and End?
How do the Final Tangibles Regulations Change Deducting Materials and Supplies?
Why Do Some Cost Segregation Firms Take So Long to Finish a Study?
How to Fully Take Advantage of the De minimis Safe Harbor
Looking at Investing in a Gas Station or Convenience Store? You must read this.
Frequently Asked Questions Regarding Capitalization Versus Expense
What is a Negative 481a Adjustment, and How Do I Get One?
The Most Overlooked Tax Savings Opportunity for Building and Residential Rental Owners
How do I Decide Whether to Expense or Depreciate Expenditures on my Building?
What is a Unit of Property?
