by Capstan Tax Strategies | Nov 17, 2023 | Capstan News, Taxation
Top 10 Things You Must Know Before Diving into TY 2023 By: Preparing for tax season is a tremendous endeavor. The tax code keeps evolving, and while diligent practitioners may want to review everything, time simply doesn’t permit. We therefore present The Top 10... 
by Capstan Tax Strategies | Nov 13, 2023 | Capstan News
One Year Since IRA Provisions Took Effect: Where Do We Stand Today? By: Capstan Tax Strategies While the Inflation Reduction Act was signed into law on August 16, 2022, its provisions only took effect for properties placed-in-service on/after 1/1/2023. It’s been... 
by Capstan Tax Strategies | Oct 16, 2023 | Tangible Property Regulations
Passing the BAR: Decision-Making Under the TPRs By: Introduction The Tangible Property Regulations brought welcome clarity to an important real-estate decision making process – can the cost of an improvement be expensed? Or must it be capitalized? When applied... 
by Capstan Tax Strategies | Sep 14, 2023 | Industry Alert
Notice 2023-63: Yes, You Have to Amortize Sec. 174 Expenses By: Capstan Tax Strategies On Friday September 8th, the IRS released long-awaited guidance addressing the mandatory amortization of Section 174 expenses. It isn’t the news we were hoping for. Notice... 
by Capstan Tax Strategies | Sep 8, 2023 | Tangible Property Regulations
Safe Harbors in a Storm: TPR Expensing Options By: Introduction Effective January 1st, 2014, the Tangible Property Regulations (TPRs) might feel like yesterday’s news. The TPRs guide taxpayers through an important real estate decision making process – can the cost...