Sheng Yang
Tangible personal property schedule
For TN. Bought a cabin last year at smoky. Received this form and asked me to sign and return. Never dealt with it before. Does any one know what this is for?
Shelon Hutchinson
What are Tangible Personal Properties in a Cost Segregation
Tangible Personal PropertyIn Reg. 1.48-1{c}, the IRS defines tangible personal property as “any tangible property except land and improvements thereto, such as buildings or other inherently permanent structures (inclu...
Eric Williams
Real vs Personal Property - Cost Seg and Capitalization
Another thing I thought I would mention in regards to cost segs is they generally increase the amount of tangible personal property, which is really anything but real property and intangible property.The definition of...
Kyle Porter
For property owners - Cost Segregation Studies get you money back.
Hey y'all! I've been diving into the world of cost segregation studies and its pretty neat. TLDR - it accelerates depreciation and you greatly reduce the amount of taxes you owe. Let me know if you have experience wit...
Account Closed
File Required? Florida Form DR-405 Tangible Personal Property Tax
We are somewhat new to the Palm Beach County area as we purchased our first home at the end of June 2018 so we could "house hack".For part of that time we have used two units as a rental since (each around 800 sq ft -...
Josh Kroll
MACRS Depreciation for Manufactured Homes not anchored to land
I would greatly appreciate if someone could let me know the correct # of MACRS depreciation years that a manufactured home not anchored to land (e.g. sitting on leased land). Specific links or references to IRS public...
Ben Jacobs
Residential Parking Rent & WI 5% Sales Tax
Landlords differ in "opinion" and "assumption" regarding parking fee WI sales use tax of 5%. The WI tax law is not very clear as the DOR says:Sales tax is imposed on retailers who make taxable retail sales, licenses,...
Julio Gonzalez
Cost Segregation Asset Classifications
Cost segregation utilizes the MACRS approach. The key is to identify personal property from real property. Tangible personal property identified in a cost segregation study is what allows you to accelerate depreciatio...
Jacob A.
Starting a TX LLC to avoid inheritance taxes
Apologies if this is the wrong forum. My mom is based in PA and so is subject to inheritance taxes. She wants to buy some property near me in TX and she suggested we put her and my name on the property so to avoid any...
Julio Gonzalez
Example of Cost Segregation on an Office Building
Let’s say you purchase an office building for $14,000,000 and the value of the land that the building is on is $2,000,000. You have $12,000,000 in depreciable assets. Without a cost segregation study, you would deprec...