Category Archives: Cost Segregation

Tax Cuts & Jobs Act

TCJA’s Drafting Errors removes 15 Year class life and bonus depreciation from Qualified Leasehold Improvements

Pundits and politicians have been arguing endlessly on the “winners and losers” of the newly enacted tax law. PM Business Advisors has been and continues to carefully study the language of the new tax code in order to advise clients on how to best position their businesses in regards to the changes and existing ambiguities

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IRS, Internal Revenue Service, R&D Tax

The IRS Issues New Administrative Authority Governing the Tax Treatment of Depreciation and Expensing Rules

On December 21st of 2018, the Internal Revenue Service (hereinafter the “Service”) issued new administrative guidance in the form of Rev. Proc. 2019-08 governing expense deductions and depreciation measures in connection to real property as enacted by the 2017 Tax Cuts and Jobs Act, Pub. L. No. 115-97, (hereinafter the “TCJA”’). It should be duly

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Construction Tax Planning, Cost Segregation

Construction Tax Planning: A Proactive Methodology to Accelerated Depreciation Planning

A properly designed and implemented Construction Tax Planning analysis will proactively identify additional tax savings related to new and / or planned construction projects. It should be duly noted that a Construction Tax Planning analysis should not be confused with a Cost Segregation analysis as there are several notable differences between a Cost Segregation analysis

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Construction Tax Planning

Peter J. Scalise guest lectured on Construction Tax Planning in Las Vegas

  Peter J. Scalise, the Federal Tax Credits & Incentives Practice Leader for PM Business Advisors recently guest lectured on Construction Tax Planning at the AICPA Real Estate & Construction Conference at the Wynn in Las Vegas, NV on Wednesday, December 7th. Due to popular demand, Peter J. Scalise will  continue providing complimentary consultations for

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