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 running a business (or owning real estate), one of the more tedious, and audit-risky, questions is whether an expense should be expensed immediately or capitalized and depreciated over time. The de minimis safe harbor election (under IRS § 1.263(a)-1(f)) offers a helpful shortcut to simplify that decision for many smaller expenditures. Below, you’ll find […]
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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 […]
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The Modified Accelerated Cost Recovery System (MACRS) is the primary tax depreciation method in the United States. It allows businesses to recover the cost of eligible tangible property more quickly than traditional straight-line depreciation. By accelerating deductions in the early years of an asset’s life, MACRS provides significant tax benefits that can improve cash flow […]
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The housing market is changing quickly, and one of the newest trends gaining attention is PadSplitting, also referred to as the “rooming house model” or “affordable co-living.” While the concept of renting out individual rooms isn’t new, the practice is resurfacing as investors and communities look for creative ways to address housing shortages and affordability […]
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