A reliable tactic for financing equipment purchases is being phased out this year. What does it mean – and what strategy should your business pursue to maximize value and minimize risk in 2023 and ...

Under the Modified Accelerated Cost Recovery System, the half-year depreciation convention generally applies to personal property. Under this convention, only a half-year of depreciation is allowed ...

One of the more robust tax incentives over the past several years has been Bonus Depreciation. This tax provision allowed companies to accelerate depreciation on purchased equipment to the year it was ...

One of the largest deductions for farmers is depreciation, which can be misunderstood in how it works. The tax code allows you to deduct your farm purchases in three ways in the following order: ...

Under the Tax Cuts and Jobs Act, bonus depreciation now applies to both new and used property, and includes rental real estate. This change encourages more real estate investments, as well as ...

100% bonus depreciation is back. Here’s what that means for your CRE business. The One Big Beautiful Bill Act (OBBBA) restores the 100% bonus depreciation which had been gradually phasing out.

Earlier this month, the IRS proposed regulations regarding the additional first-year depreciation deduction that was added to the Code by the Tax Cuts and Jobs Act (“TCJA”).[i] The proposed rules ...

With major provisions of President Trump’s Tax Cuts and Jobs Act of 2017 set to expire this year, there’s increased attention to how much it would cost to extend key portions of the act and how the ...

Even if the main structure itself has a 39-year schedule, these shorter-life assets within the property can now qualify for ...

Depreciation is a taxation strategy that allows a business to write off an asset’s fair market value or cost over its projected useful life (how long the company estimates the asset will be used for ...

David McGuire is a leading expert on cost segregation, fixed assets and depreciation law and a Co-Founder of McGuire Sponsel. In recent weeks, numerous people have asked me the same question: “Will ...