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Cost Segregation – How it works and when to use

Cost Segregation is one of the big words use by tax gurus and tax strategists to potentially make you pay less taxes. Cost segregation is simply accelerating depreciation on real estate assets that are usually subject to 27.5 residential and 39 commercial to some items (parts of the building) at 5, 7 or 15 years

By |2024-11-18T01:23:46+00:00January 13th, 2025|Categories: Individuals|Tags: , , , , , , , , , , , |

IRS increases standard deductions, estate tax exemp, annual gift, etc. due to inflation for 2025

As communicated each year, the IRS has updated some of the deductions, tax exemptions, tax exclusions and other tax items based on inflation. In several media, this has been celebrated as the IRS increasing the threshold and in some cases creating clickbait headlines to attract readers, but the reality is that each fall the IRS

By |2025-01-10T01:11:21+00:00October 24th, 2024|Categories: Business, Individuals|Tags: , , , , , , , , , , , |
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