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.
Commercial real estate owners have two powerful tools to accelerate deductions when they renovate or refresh a building. Partial Asset Disposition (PAD) lets you write off the remaining basis of components you remove. Qualified Improvement Property (QIP) lets you rapidly expense many interior remodel costs. Used together, and guided by an engineering-based cost segregation study, […]
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When businesses invest in equipment, vehicles, or building improvements, the IRS offers valuable tax incentives to encourage growth. Two provisions that often come up in this conversation are Section 179 and Section 179D. While their names sound similar, these sections of the tax code apply to very different types of deductions. What Is Section 179? […]
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CSSI Vice President Brian Broussard has some sage advice for commercial property owners looking for ways to boost their investments and keep their operational costs in check: “Look into the Section 179D tax deduction. It’s a handy but sometimes overlooked tool that can help you save big on energy-efficient upgrades for your buildings.” Let’s dive […]
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The Alternative Depreciation System (ADS) is one of two primary methods the IRS provides to calculate depreciation on business or investment property. Unlike the more common General Depreciation System (GDS), ADS typically spreads depreciation deductions over a longer period, resulting in smaller annual deductions. Businesses may be required to use ADS in certain cases, or […]
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