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TY 2022 Checklist: Real Estate Tax Incentives and Strategies
The wide variety of real estate tax opportunities available can be overwhelming. To make sure you’ve considered all potential sources of benefit, review our expansive checklist. ☐ Accelerated Depreciation Look-back studies via 3115, best results achieved for...
Welcome to the Newest Members of the Capstan Team!
Our people are what make Capstan great. As such, welcoming a new team member is always a cause for celebration. This month we’d like to introduce two wonderful new hires: Project Engineer: Maikel brings years of cost segregation experience to the table, along with...
TCJA – Tax Cuts and Jobs Act (H.R.1) of 2017
The Tax Cuts and Jobs Act was signed into law on December 22, 2017. This marked the first comprehensive tax law reform since 1986, and has had an impact on every American taxpayer and industry. The TCJA brings new opportunities, as well as some challenges, to the...
Cost Segregation and Multifamily Property: Busting the Myths
In J.P. Morgan’s 2023 Commercial Real Estate Outlook, multifamily property is designated as the highest performing of all asset classes. A recent study commissioned by the National Multifamily Housing Council and National Apartment Association revealed that the U.S....
Rev. Proc. 2023-11 and the Mandatory Amortization of Section 174 Expenses: What CPAs Must Know
Summary 174 Research and Experimentation (“R&E”) Expenses paid or incurred in taxable years beginning after 12/31/2021 cannot be immediately deducted. They must be amortized over 5 years, or 15 years in the case of foreign R&E. There are several implications...
Behind the Scenes with Isaac Downing
Welcome to a new monthly feature in which we go behind “Behind the Scenes” to learn more about a member of the Capstan team. If you’d like to see someone specific featured, let us know! Isaac Downing is a big personality. His booming voice, bright smile, and...
10 Big Questions to Maximize Tax Savings in TY 2022
There are real estate tax savings strategies old and new in play for 2022. The variety of incentives available makes thoughtful and comprehensive tax planning more important than ever. To ensure that no opportunity is overlooked, ask yourself – or your clients –...
Industry Alert: Announcement 2023-01 Clarifies ASHRAE Reference Standards for §179D
The Inflation Reduction Act (IRA) of 2022 brought many changes to the §179D Energy Efficient Commercial Building Tax Deduction. Provisions taking effect 1/1/2023 will impact the maximum potential deduction, the minimum efficiency threshold required to qualify, and...
Behind the Scenes with Carly Coker
Welcome to a new monthly feature in which we go behind “Behind the Scenes” to learn more about a member of the Capstan team. If you’d like to see someone specific featured, let us know! Carly Coker studied Chemical Engineering, but wanted more variety and social...
Industry Alert: Notice 2022-61 Clarifies Prevailing Wage and Apprenticeship Requirements Under the IRA
On November 30, 2022, the IRS issued Notice 2022-61, providing initial guidance on the wage and apprenticeship requirements included in the Inflation Reduction Act of 2022. The IRA established increased benefit levels for energy-efficient incentives related to EPAct...
Top 10 Things You MUST Know Before Diving into TY 2022
It’s almost New Year’s Eve! Time to make resolutions, sing auld lang syne, and of course, finish your prep for TY 2022. To make that last one a little easier, we’ve compiled a list of the Top 10 Things You Must Know for TY 2022. It’s packed with links to our most...
Capstan’s Top 3 Cost Segregation Trigger Events
While cost segregation is useful throughout the real estate life cycle, there are certain events that tee up particularly strong cost seg opportunities. These events should automatically trigger consideration of a cost segregation study, since picking the right moment...
Behind the Scenes with David Stephens
Welcome to a new monthly feature in which we go behind “Behind the Scenes” to learn more about a member of the Capstan team. If you’d like to see someone specific featured, let us know! According to a recent Monster.com poll, 50% of respondents between the ages...
A Perfect Match: Choosing Referral Partners that Add Value
A Perfect Match: Choosing Referral Partners that Add Value Today’s CPAs serve as true partners and trusted advisors to clients, becoming intimately familiar with each client’s growth, plans, and struggles. This means that when the need may arise to augment in-house...
Inflation Reduction Act Signed into Law, Extends and Expands Energy-Efficient Tax Incentives
EPAct 179D and 45L have been part of the tax code since 2006. The Inflation Reduction Act of 2022 (IRA) was signed into law August 16, 2022. The Act includes several major updates to federal energy-efficiency tax incentives that may be of interest to Capstan...
Behind the Scenes with Ty Wimmer
Welcome to a new monthly feature in which we go behind “Behind the Scenes” to learn more about a member of the Capstan team. If you’d like to see someone specific featured, let us know! It’s fitting that Ty Wimmer was the lucky engineer to visit Montana and...
The Tax-Exempt Tenant: How to Treat Depreciable Assets
It’s not your imagination – there are more and more non-profit tenants turning up in formerly retail spaces. At Capstan we are seeing many retail and office buildings bringing non-profit or government tenants into their properties. How does this impact the way...
Behind the Scenes with Jacob Wood
Welcome to a new monthly feature in which we go behind “Behind the Scenes” to learn more about a member of the Capstan team. If you’d like to see someone specific featured, let us know! Jacob Wood hasn’t always been a dedicated attorney, tax guru, and R&D...
Capstan Has Visited all 50 States!
It’s official – we’ve hit them all! Capstan engineers have braved the scorching deserts of New Mexico, the glacial tundra of Alaska, and the swampy marshlands of the Florida Everglades. From the bustling pavements of New York to the sunny shores of California,...
IRS Releases a New Cost Segregation Audit Techniques Guideline (ATG)
On 6/1/2022 the IRS updated its Cost Segregation Audit Techniques Guideline (ATG) for the first time since 2017. On Page 1 of the Introduction, the ATG states that it is “...not intended as an official IRS pronouncement. Accordingly, it may not be cited as authority.”...
Services for CPAs
In the face of growing tax code complexity, it’s almost impossible to cover every area with in-house resources. For expertise in understanding and applying the myriad of complexities with the Tangible Property regulations and other IRS Code impacting commercial real estate, turn to Capstan Tax Strategies.
Services for Business Owners
Accelerating depreciation has long been a strategy employed by real estate owners to take advantage of immediate tax savings. The Tangible Property Regulations and the recent Tax Cuts and Jobs Act has created significant opportunities that elevate the many uses of Cost Segregation Studies. Learn how Capstan can help.
Stay Focused
You don’t have to be overwhelmed with Tangible Property and other Fixed Asset Regulations. We help you maximize your tax savings so you can focus on the core of your business.
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