by Capstan Tax Strategies | Jul 24, 2020 | Capstan News
Here we are. It’s mid-July. The challenges of the last few months have kept everyone busy, and somehow time continues to march on. Those challenges have come in many forms. We’ve faced some as individuals, some as companies, and some as a nation. Many have been... by Capstan Tax Strategies | Jun 23, 2020 | Capstan News
We strive to make things easy for you, and pride ourselves on making the Capstan experience a seamless one. As part of this commitment, we’ve redesigned our website so that navigation is logical and intuitive. The layout is vibrant yet uncluttered, fluid and... by Capstan Tax Strategies | Jun 16, 2020 | Capstan News, Taxation
On Friday, June 12, 2020, the IRS issued a new proposed regulation (NPRM REG-117589-18) intent on clarifying the TCJA’s 1031 rules regarding how to deal with personal property (section 1245) that is inherently part of every real property transaction for tax purposes.... by Capstan Tax Strategies | Apr 22, 2020 | Capstan News
On Friday April 10th, the IRS released Rev. Proc 2022-22, which permits revocations of elections-out-of-163(j) made on 2018 or 2019 tax returns and allows late elections-out-of-163(j) back to 2018, if a taxpayer chooses. It also allows BBA partnerships to file... by Capstan Tax Strategies | Apr 14, 2020 | Capstan News, COVID-19
Clarification on the CARES Act continues to enlighten us on an almost daily basis. Qualified Improvement Property (QIP) placed-in-service after 12/31/2017 is now considered to have a recovery period of 15-year and is bonus-eligible. Taxpayers may retroactively change...