Depreciation

Suburban house with lawn and cloudy sky.

Excess Depreciation Claimed – Now What?

01/02/2017
Excess Depreciation Claimed - Now What? Justin Fundalinski of Jim Saulnier & Associates, who I...
Depreciation / Rental Real Estate
Snow-covered tree under a cloudy sky.

Final Tangible Property Regulations Necessitate that Many Businesses Apply for Change Of Accounting Method: IRS Form 3115; Rev Procs 2015-13 & 2015-14

01/19/2015
Back in June 2014 I blogged about the new IRS Regulations governing tangible personal property....
Accounting Method / Asset Classification / Basis / Business Expense / Capital Gain / Capital Loss / Cost Basis / Cost Segregation / Deductible Expense / Depreciation / Tax Guidance & Preparation
Man in suit working at a desk.

2014 Depreciation Limits on Luxury Autos: IRS Rev Proc 2014-21

12/28/2014
According to 26 U.S. Code § 280F - Limitation on depreciation for luxury automobiles the...
Amortization / Depreciation / Self Employ / Small Business / Tax Deductible Expenses / Tax Guidance & Preparation
Red sunset over a calm lake.

How to Calculate Basis of a Primary Residence Converted to Rental Property [Reg. §1.168(i)-4(b)] [Reg. §1.165-9(b)(2)]

10/07/2014
How to Calculate Basis of a Primary Residence Converted to Rental Property [Reg. §1.168(i)-4(b)] [Reg....
1031 Exchange / Basis / Capital Gain / Capital Loss / Depreciation / Passive Activity / Rental Real Estate / Tax Guidance & Preparation
Earth visible from Mars' surface, labeled.

A Brief Introspection of Repair vs. Improvement: IRS Revenue Procedures 2014-16 and 2014-17

06/26/2014
That's right Y'all this is another one of those quite game changers for owners of...
1031 Exchange / Business Expense / Depreciation / Rental Real Estate / Sole Proprietor / Tax Abuse / Tax Guidance & Preparation / Tax Problems & Requests
Sunrise over mountains and reflective lake.

Tangible Assets Used In Converting Corn To Fuel Grade Ethanol Are Properly Included In Asset Class 49.5

05/29/2014
A certain important person in my reality - my wife - is becoming increasingly interested...
Asset Classification / Depreciation / Husband/Wife / Tax Guidance & Preparation / Tax Problems & Requests / Uncertain Tax Position

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