Form 3115 is used to request a change in either an overall accounting method or the accounting treatment of a specific item, such as depreciation. The IRS requires this form to be filed when switching from one accepted accounting method to another, ensuring consistency and transparency in financial reporting. Common reasons to file Form 3115 […]
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Choosing the right cost segregation provider is one of the most important decisions a real estate investor or property owner can make. The difference between a qualified, engineering-based firm and a cut-rate alternative can mean tens, or even hundreds of thousands of dollars in missed deductions, unexpected audit exposure, and hidden fees. To help you […]
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Mixed-use properties (think retail space on the ground floor with residential apartments above, or a multi-unit building where some units are long-term rentals and others operate as short-term stays) are among the most tax-complex real estate assets an investor can own. Yet they’re also among the most rewarding when handled correctly. This guide breaks down […]
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When commercial property owners consider a cost segregation study, one of the first questions that arises is: “What portion of my investment qualifies for accelerated depreciation?” The answer begins with a fundamental principle in tax law; land is not depreciable. Understanding how land value affects your cost segregation study is essential to setting realistic expectations […]
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