Beware of Cost Segregation Firms Who Do Not Sign 3115s

Beware of Cost Segregation Firms Who Do Not Sign 3115s

Not Signing a Form 3115 is Considered to be a Bad Sign Annually, the IRS compiles a “Dirty Dozen” list of 12 scams and schemes that taxpayers may encounter, especially during tax filing season. Day six of the campaign will hit home with building owners and investors...
When Does Depreciation Begin and End?

When Does Depreciation Begin and End?

According to IRS Publication 946, you begin depreciating your property when you place it in service for its intended use and use the property for the generation of income. You stop depreciating the property when you have fully recouped your original cost basis or when...

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