First, let’s briefly cover the definition of Cost Segregation. Cost Segregation is a tax saving strategy which enables individuals and companies who have purchased, expanded or remodeled real estate in an effort to increase cash flow by speeding up deductions or depreciation and deferring state and federal income taxes. In a cost…
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Except for tax protesters, no one wants to fight with the IRS. But exactly how do you avoid it? It’s a big worry, especially when the IRS can audit 6 tax years not 3. You…
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A Home Run for U.S. Small Businesses! Congress recently enacted the “Protecting Americans from Tax Hikes (PATH) Act of 2015″ (P.L. 114-113, 12/18/2015). Three significant taxpayer-friendly changes made in the tax law are Credit Permanency,…
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First enacted in 1981 the R&D tax credit was meant to be a temporary boost to a slowing U.S. economy. Since being enacted, the credit has remained temporary and has even expired 16 times, each time…
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