Qualified Improvement Property (QIP)
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Tax planning for real estate investors
Many individuals invest in real estate to help diversify their portfolio, create an income stream for themselves from rental income and build net worth over…
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Should your business maximize deductions for real estate improvements now or spread them out?
Commercial real estate usually must be depreciated over 39 years. But certain real estate improvements — specifically, qualified improvement property (QIP) — are eligible for accelerated…
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The new law includes favorable changes for depreciating eligible assets
The One Big Beautiful Bill Act (OBBBA) includes a number of beneficial changes that will help small business taxpayers. Perhaps the biggest and best changes…
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Understanding taxes on real estate gains
Let’s say you own real estate that has been held for more than one year and is sold for a taxable gain. Perhaps this gain…
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Advantages and disadvantages of claiming big first-year real estate depreciation deductions
Your business may be able to claim big first-year depreciation tax deductions for eligible real estate expenditures rather than depreciate them over several years. But…
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Haven’t filed your 2019 business tax return yet? There may be ways to chip away at your bill
The extended federal income tax deadline is coming up fast. As you know, the IRS postponed until July 15 the payment and filing deadlines that…
Read More: Haven’t filed your 2019 business tax return yet? There may be ways to chip away at your bill
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