Self Employed on MSN

Bonus Depreciation Phase-Down Reshapes Tax Planning

The post Bonus Depreciation Phase-Down Reshapes Tax Planning appeared first on Self Employed.
JD Supra

PLR on the normalization of cost of removal and accounting method changes for repairs and mixed service costs, but questions remain

On August, 15, 2020, the Internal Revenue Service (IRS) issued PLR 202033002, in which it addressed whether cost of removal (COR) is “protected” by the normalization rules of section 168(i)(9). COR is ...
JD Supra

No surprises under the tree as IRS concludes no normalization violation in use of revised composite depreciation rate lives to amortize Protected EDIT

On December 17, 2021, the IRS released Private Letter Ruling 202150003 where it concluded that a Taxpayer would not violate the normalization rules if it ratably amortized its Protected EDIT (defined ...
Milwaukee Journal Sentinel

The Permanent Return of Bonus Depreciation and the Reform of Opportunity Zones Mark a Turning Point for Tax Strategy

CHARLOTTE, NC / ACCESS Newswire / August 27, 2025 / For high-income earners and business owners, taxes are often their single greatest recurring expense. Smart planning is not just about creating ...
AgWeb

How To Take Advantage Of Section 1031 Exchange

In times of tight margins, every purchase must have a purpose with ROI top of mind. As you optimize your equipment, crop inputs, farmland and business intellect for the year ahead, take the time to ...
Nasdaq

Section 1250: How It Applies to Real Estate Taxes and Examples

Section 1250 of the U.S. tax code applies to gains from the sale of depreciated business real estate. If a property was depreciated beyond the straight-line method, the extra depreciation is taxed at ...
Multi-Housing News

3 Tax-Saving Strategies for Sellers

When MZ Capital Partners purchased The Jax in Chicago’s West Loop, it used a cost segregation study to accelerate depreciation losses that were used to offset gains from the sale of another property ...