Unlocking the Benefits of Cost Segregation for Public Storage Facility Owners
As the owner of a public storage facility, you're always looking for ways to maximize your return on investment (ROI) and improve your bottom line. One often-overlooked...
R&D Tax Credit: What Business Owners Need to Know
Research and Development (R&D) tax credits serve an essential purpose: they incentivize businesses to invest in innovation for new products, enhancements to existing products and / or manufacturing process improvements. This R&D investment helps drive economic growth while keeping businesses competitive in today's evolving marketplace. Staying on top of changes is imperative to maximize those R&D credits and claim all eligible expenses.
Combining Cost Segregation and 1031 Exchanges: A Powerful, but Nuanced Strategy
Both cost segregation and 1031 exchanges are powerful tax-saving strategies for real estate investors. However, using them together requires careful consideration of...
Can Cost Segregation Offset W-2 Income?
Whether cost segregation can offset your W-2 income depends on the specific circumstances of your situation, with two key factors playing a crucial role:
1. Passive...
Saving Taxes with a Twist: The Tale of Joe's Cost Segregation and Bonus Depreciation Adventure
Once upon a time in the bustling city of Taxville, there lived a man named Joe who had always been on the lookout for clever ways to save on his taxes. Joe wasn't your...
Don't Be a Turkey: Get Your Tax Act Together Before 12/31!
Ah, the end of the year is approaching, and you know what that means – it's time for some good old-fashioned tax planning! Because who doesn't love the thrill of...
The Great Blog Silence of 2023: A Taxing Tale
Hello, Veritax fans!
If you've been wondering why our blog has been quieter than a library on a Saturday night, let me spill the beans. Yes, we took a little 'vacation'...
CPAs in Summer: The Beach, BBQs, and 1040-ESs
Ah, summer. The season of beach vacations, family barbecues, and sunshine. And if you happen to be a CPA (Certified Public Accountant), it's also the season of...tax...
Filing Form 3115 with a Cost Segregation Depreciation Change: A Comprehensive Guide
Cost segregation is a valuable tax strategy that can lead to significant tax savings for real estate owners and investors. It involves breaking down a building into...
BREAKING: The IRS Issues New Administrative Authority Governing Cost Segregation Studies
For the first time in many years, the Internal Revenue Service issued a revised Cost Segregation Audit Technique Guide to assist its Revenue Agents and Field Agents in...
A. Chris Ostler, CPA
Ready to explore specialty tax savings opportunities? Schedule a consultation with Veritax founder and CEO Chris Ostler today.
Book a call
Let’s Connect
Start by scheduling a meeting for a free consultation. Let’s talk about the specialty tax programs that can equate to significant savings.