Business Tax | Albin, Randall and Bennett

Cost Segregation Studies: Taking Full Advantage of Accelerated Depreciation

When a building asset hits your books as a fixed asset, whether due to purchase, construction, or renovation, the straight-line depreciation method tells us to plop it in one of two bins, 39-year properties or 27.5-year properties, and await your taxable income deductions for each year of the recovery period. By redefining the recovery period

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New Tax Legislation-December 2019

Once again, Congress has passed tax legislation just before Christmas. This year, the tax provisions were attached to an enormous spending bill.  The tax portion contains two general areas of change – extending previous deductions/credits and new retirement plan changes. The extension of previous deductions and credits are generally only extended for one year. Here

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