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 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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The Section 179D tax deduction, also known as the Energy-Efficient Commercial Buildings Tax Deduction, is a powerful tax incentive designed to encourage energy efficiency in building design and construction. It can provide significant tax savings for building owners, designers, and developers who meet the criteria. If you’re looking to claim a 179D deduction, this guide […]
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When investing in commercial or rental property, it’s important to understand how depreciation works, especially when it comes to land improvements. While land itself is not depreciable, enhancements made to the land can generate valuable tax deductions over time. Here’s how to identify, calculate, and maximize depreciation for land improvements. Why Land Improvements Are Depreciable […]
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IRS Form 7205 is the official form used to claim the Section 179D Energy Efficient Commercial Buildings Deduction. This tax incentive allows commercial building owners and certain designers of government and non-profit projects to claim significant deductions for installing energy-efficient building systems. The deduction can be as high as $5.81 per square foot depending on […]
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