Tax laws and regulations are constantly changing, and it can be difficult to keep up with it all. In this blog, CSSI experts share their insights around the most relevant issues and developments impacting your tax situation.
When new information affects your tax liability, such as missed deductions, additional income, or a cost segregation study that unlocks major depreciation, you may need to file an amended tax return. But how long do you have to make those changes before it’s too late? Understanding the IRS deadlines for amended returns is critical, especially […]
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Commercial property owners often overlook valuable tax savings in the form of deductions available to them at the time of purchase, construction, or renovation. Fortunately, it’s not too late to claim them. Through a Look-Back Study, businesses can retroactively identify, and capture missed depreciation deductions and energy-efficient tax incentives, resulting in significant tax savings. What Is a Look-Back Study? A Look-Back Study is a specialized tax […]
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A reverse 1031 exchange can be a powerful tax strategy for real estate investors who want to acquire a new property before selling their current one. While it offers flexibility and timing advantages, it also comes with strict IRS requirements and procedural steps. This guide breaks down how a reverse 1031 exchange works, the rules […]
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When it comes to maximizing tax savings in real estate, cost segregation is one of the most effective strategies available, but it’s far from the only one. A truly optimized tax plan layers multiple incentives and credits that can reduce taxable income, boost cash flow, and unlock new investment opportunities. Here’s a look at additional […]
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