Resources to Help You Save On Taxes

IRS Form 3115 allows you to correct depreciation methods, adjust accounting practices, and potentially unlock substantial tax savings after completing a cost segregation study. Here’s everything you need to know about IRS Form 3115, how it works, and why it’s essential for property owners and investors.

While the IRS does not require a site visit for cost segregation studies, following the guidance from the Cost Segregation Audit Technique Guide can be beneficial.

Thinking about converting your primary residence into a rental property? Whether you’re looking to move and generate passive income from your current home, or just exploring new investment opportunities, turning your home into a rental can be a lucrative decision.

For real estate investors, qualifying for Real Estate Professional Status (REPS) can lead to substantial tax benefits. This status, recognized by the IRS, allows rental losses to offset other income types, significantly reducing tax liability.

Everyone enjoys the sweet benefits of bonus depreciation, but what happens when you sell? Learn how to minimize recapture with the right tax planning.

Learn how businesses can distinguish between land value, which is not depreciable, and improvement value, which can be depreciated through the use of MACRS. By accurately identifying and classifying your assets, you can take advantage of the benefits of MACRS depreciation and save significantly on your taxes.

Here we will explore the 13 elements of a quality cost segregation study including how we work to keep you in full compliance.

Watch the replay of our Real Estate 101 webinar from Thursday, October 26. Mitchell Baldridge and Nick Huber delve into the complex world of real estate tax strategies.

Watch the replay of our Real Estate 101 webinar from Tuesday, August 29th. Mitchell Baldridge and Nick Huber delve into the complex world of real estate tax strategies.

Watch the replay of our Real Estate 101 webinar. Mitchell Baldridge and Nick Huber delve into the complex world of real estate tax strategies.

Learn the ins and outs of how depreciation works and how real estate owners can shield a large portion of their income from taxes.

Looking to reduce your tax burden as a real estate investor? Bonus depreciation might be the solution you've been looking for. This tax benefit allows you to accelerate the depreciation of certain assets, allowing you to claim a larger deduction in the first year of ownership. By deducting a certain percentage of the cost of an asset in the first year it is put into service, you can maximize your financial benefits.

Learn how to defer tax on a gifted vacation home used for short-term rental. Understand cost segregation, carryover basis, and the Internal Revenue Code implications.

One of the biggest downsides of cost segregation is the potential for recapture. Recapture is the process of having to pay back accelerated depreciation deductions if certain conditions are not met.