After months of speculation and political maneuvering, it’s official: 100% bonus depreciation is back thanks to the recently passed Tax Relief for American Families and Workers Act of 2024, popularly dubbed the “Big Beautiful Bill.” The bill revives one of the most powerful tax incentives for businesses, allowing them to fully deduct the cost of […]
Read MoreHow to Avoid an Audit When Conducting a Cost Segregation Study
Cost segregation is a powerful tax strategy that allows commercial property owners to accelerate depreciation and unlock significant cash flow. However, when done incorrectly, or by the wrong provider, it can raise red flags with the IRS. That’s why understanding the IRS cost segregation guidelines and audit procedures is essential to staying compliant and avoiding […]
Read MoreThe Big Beautiful Bill Has Passed: What It Means for Tax Incentives and Commercial Real Estate
In a landmark legislative win for congressional Republicans and the Trump administration, the “One Big Beautiful Bill” has officially passed both chambers of Congress and is now law. This sweeping reconciliation package cements key provisions from the 2017 Tax Cuts and Jobs Act (TCJA), expands select deductions, and reshapes the tax and entitlement landscape for […]
Read MoreWhen Did Income Tax Begin in the U.S.? Key Milestones in Tax History
Income tax plays a central role in the American economic system today, but its origins trace back to a much different time in our nation’s history. For those curious about when income tax was created or when federal income tax started, this guide outlines the key moments that shaped how income is taxed in the […]
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