Common examples of deferred tax liabilities include depreciation, revenue recognition, and inventory valuation. The temporary differences lead to lower current tax obligations but higher future taxes.

Independence Day legislation includes permanent full expensing for new and used aircraft in business operations.

How many of the extended TCJA provisions in the so-called 'One Big Beautiful Bill' (OBBB) will impact your wallet?

Differences in depreciation accounting: How you account for the depreciation of assets like real estate (both in method and in rate) can result in the overpaying of taxes, creating a deferred tax ...

The One Big Beautiful Bill Act (signed into law on July 4, 2025) preserves and, in many cases, strengthens the tax advantages ...

How to Avoid Depreciation Tax on Rental Property If it’s important to you to avoid the depreciation recapture tax, there are several strategies you may want to adopt.

The deferred taxes, including any potential depreciation recapture, are rolled into the new property's cost basis. This strategy requires strict adherence to IRS rules and timelines.

Sweeping supply-side tax cuts are now law, bringing immediate reporting impacts and long-term planning questions for finance ...

Tax strategies that apply to private partnerships include capital gains tax deferral, depreciation, tax credits, and pass-through of losses to limited partner investors.

This will likely be the case again in 2025, but watch for one issue in particular: bonus depreciation schedules that hide the true cost of the tax breaks.

Knowing the rules for capital gains tax on residential real estate and home sales is important, especially since your property has likely increased in value since you purchased it. Eventually ...

Differences in depreciation accounting: How you account for the depreciation of assets like real estate (both in method and in rate) can result in the overpaying of taxes, creating a deferred tax ...