When talking about cost segregation studies, a common confusion is the difference between reclassification and bonus depreciation and the role that each of them plays in terms of taxes. Let’s dive in.

Reclassificat...

I wanted to share this article...IR-2018-206, October 19, 2018WASHINGTON —The Treasury Department and the Internal Revenue Service today issued proposed regulations and other published guidance for the new Opportunity...

There are 200 houses in my community, all same year built, same SQ FT are, same number of rooms and bathrooms, exactly same floor plans. All these houses pay different taxes ranges from 4000 to 15000 per year. I pay $...

Anyone interested in qualified opportunity zones? Here's a description about them:

Created by the Tax Cuts and Jobs Act, over 8,700 tracts of land across the county have been designated as "qualified opportunity zo...

As a small time RE investor (two properties), I'm thinking it just makes the most sense to 'shift' some of the deductions I used to enter on a Sched A over to the Sched E because of the new rules/deductions with the T...

Hi All,I'm needing recommendations for good Tax Attorneys that have a specialty in Retirement Accounts. I made a mistake with Vanguard while rolling over a 401(k) and it ended up on a Roth Account. I'm trying to get...

Someone sent me this email so I wanted to post it less as much of the political spin as I could subtract as possible to get a sense for how much of it is accurate. Here are taxes that will be coming for 2011 accordin...

I currently have a LLC registered in the state of Illinois. If I were to buy an out of state property, what's the best way to go about holding that property? Can I hold it in my Illinois registered LLC or should I cre...

Yesterday Senate blocked further action on The Tax Relief for American Families and Workers Act of 2024, H.R. 7024, which includes the extension of 100% bonus depreciation. 
Yea-Nay Vote. 48 - 44 record of how Senato...

ScenarioA 401K loan was for partial funding on a personal hard money loan.  The loan was defaulted on and the result was a total loss. The 401K loan was converted to a distribution when switching jobs so prepayment pe...