Savvy commercial property owners are always looking for strategies that maximize returns and improve cash flow. One such strategy is cost segregation, a powerful tax tool that reclassifies certain building components and accelerates their depreciation deductions.
As the Tax Cuts and Jobs Act (TCJA) continues to impact tax strategies, more investors are leveraging bonus depreciation on real estate investments. However, with this opportunity comes the risk of increased IRS scrutiny. Recent reports reveal a surge in audits targeting individuals who have claimed bonus depreciation on real estate assets.
The IRS has introduced significant changes to the R&D Tax Credit Form 6765, which will apply to tax years beginning in 2024. The new draft version of the form...
Innovate at the cutting edge? You might be sitting on a tax goldmine.
For high-tech software developers, the IRS Federal-Level R&D tax credit isn't just a perk, it's a...
Maximizing tax benefits while ensuring regulatory compliance is a never-ending challenge, especially for those in the hospitality, retail, and manufacturing industries....
When you conduct a 1031 exchange in the United States, you have two primary options for depreciating the property you receive in the exchange. These options are crucial...
Research and development (R&D) is a crucial aspect of any startup. It is the engine that drives innovation and growth, enabling companies to develop new products and...
While many real estate investors focus on the home’s purchase price and rental income, overlooking potential tax benefits could mean leaving significant money on the...
Unlocking the Secrets to Maximizing Your Investment's Value.Picture this: You're an RV or Mobile Home Park owner, and you've just discovered a treasure map leading to a...
What’s one of the best ways to maximize tax savings, particularly if you invest in real estate? Cost segregation studies. These studies can produce significant...
Ready to explore specialty tax savings opportunities? Schedule a consultation with Veritax founder and CEO Chris Ostler today.
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