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, we’d conducted site visits in every US state – except one.   

Montana. 

Montana was the holdout.   

Scenic and vast, the “Treasure State” isn’t teeming with real estate activity.  In fact, the human population of Montana is far outnumbered by those of elk, antelope, and deer.  The average population density in Montana is a mere 7 people per square mile.  (For comparison’s sake, the average population density in Capstan’s home state of Pennsylvania is 286 people per square mile.)  

So it wasn’t too surprising that we had never booked any jobs in Montana.  (Elk, deer, and grizzly bears aren’t known for their strategic tax planning.)   

But one fine day, the call did come, and off went Ty Wimmer.  He truly enjoyed the unspoiled beauty of “Big Sky Country,” and was thrilled to have finally checked off that final state for the Capstan team.    

Here’s to you, Montana.  Hope to see you again sometime.

RECENT POSTS

Notice 2023-63: Yes, You Have to Amortize Sec. 174 Expenses

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 2023-63, discusses the scope of Section 174 at length, clarifying the nature of qualifying...

Safe Harbors in a Storm: TPR Expensing Options

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 of an asset be expensed?  Or must it be...

Sec. 174 Amortization Update

With Legislation Building Support, What Should Taxpayers Do NOW?Introduction Everyone's asking — Will mandatory Sec. 174 amortization be repealed?  Business owners, the scientific community, and tax professionals all hope the answer is yes, but there is still a way to...

How to Calculate the Federal R&D Tax Credit

The Federal Research and Development (R&D) Tax Credit is an activities-based tax credit for companies that that incur R&D expenses in the United States.   Eligible taxpayers may claim qualifying expenses – wages, supplies, contract research, cloud hosting –...

Behind the Scenes with Aileen Gullotti

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!     Aileen has many aliases around the office – she’s the “Salesforce Queen” and...