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Depreciation

According to IRS Publication 946, you begin depreciating your property when you place it in service for its intended use and use …

materials and supplies

Generally, the final tangibles regulations don’t change the rules for deducting materials and supplies. The final tangibles regulations use existing court cases …

Behind the Scenes of a Cost Segregation Firm Nothing is as frustrating as contracting with a cost segregation firm to help you …

De minimis Safe Harbor: An Administrative Convenience for the Service and the Taxpayer The Tangible Property Regulations under §263a provide three safe …

Gas stations and convenience store (c-store) properties that qualify as a ‘retail motor fuel outlet’ can be depreciated over fifteen years. The …

What you should know about the Tangible Property Regulations 1. What exactly are the tangible property regulations? §162 of the Internal Revenue …

When a tax method change occurs, whether it is from cost segregation, the Tangible Property Regulations, or any other tax method changes …

Routine Maintenance Safe Harbor Building owners! Under the Tangible Property Regulations, passed in 2014, you are not required to capitalize as an …

Have the Tangible Property Regulations changed the rules for determining whether an expenditure is a deductible repair or a capital improvement? The …

The Unit of Property (UOP) concept is not new, but the rules are new to The Tangible Property Regulations under § 1.263(a). …

An Alternative Valuation Method is Available for Inherited Property Once the amount of any gain or loss is determined, the taxpayer must …

Beginning in 2018, many miscellaneous deductions have been suspended. Beginning in 2018, many miscellaneous deductions have been suspended. These suspended deductions will …

Building for Routine Maintenance Safe Harbor

The Routine Maintenance Safe Harbor is one of the most overlooked safe harbors within the mandatory Tangible Property Regulations under §263a (1-3). …

The Tangible Property Regulations include a Safe Harbor for small taxpayers. This safe harbor is an excellent opportunity for (among others) single-family …

inherited property

When investment property is inherited, the capital gain or loss on any later disposition of that property is treated as a long-term …

Building Demolition

When investors and building owners purchase a building that may need to be totally gutted soon, they are disheartened to learn that …