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 today’s competitive hospitality landscape, maximizing your return on investment is crucial, especially for RV park owners. One powerful, yet often overlooked, tax strategy is cost segregation. This IRS-recognized method can dramatically accelerate depreciation deductions, significantly improve your cash flow and boosting profits. Whether you’re developing a new park or have owned one for years, […]
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Innovation is the lifeblood of any thriving business. It fuels growth, drives competitiveness, and paves the way for groundbreaking discoveries. However, innovation often requires significant investment, and that’s where the Research and Development (R&D) Tax Credit comes in. This valuable tax incentive is designed to reward businesses for their commitment to innovation, helping them recoup […]
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Over the past few days, there’s been a surge of discussion around the idea of a 50-year mortgage. Policymakers and housing experts are revisiting whether ultra-long home loans could make homeownership more attainable amid rising interest rates and record-high home prices. The proposal has gained traction following comments from political leaders and housing officials suggesting […]
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