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

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.

Tax liability is anything that a person or company owes taxes on, such as income or revenue. Tax assets are anything that can be … Continue reading → The post What Is a Deferred Tax Asset ...

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

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

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.

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. Take advantage of IRS ...

Depreciation: A Non-Cash Deduction with Real Value . Depreciation is another tax benefit that sets real estate apart. Even as your property appreciates in value, the IRS allows you to deduct the ...

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.

Say it has $3,000 in deferred tax assets and a tax liability of $10,000. For the sake of example, imagine that the company is being taxed at a rate of 30%, meaning it owes $3,000 in taxes.