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... 
by Capstan Tax Strategies | Aug 11, 2023 | R&D Tax Credit
Sec. 174 Amortization Update By: Capstan Tax Strategies 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 Introduction Everyone’s asking — Will mandatory Sec. 174 amortization be repealed?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... 
by Capstan Tax Strategies | Jul 10, 2023 | R&D Tax Credit
How to Calculate the Federal R&D Tax Credit By: Capstan Tax Strategies 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... 
by Capstan Tax Strategies | Jul 6, 2023 | Capstan News
Aileen Gullotti Manager of Client Success 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... 
by Capstan Tax Strategies | Jun 5, 2023 | Capstan News
Gina Spinosa Client Success Representative 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! As a key member of the Client... 
by Capstan Tax Strategies | May 19, 2023 | Cost Segregation
Your Top 10 Cost Segregation Questions: Answered By: We talk about Cost Segregation a lot. And we find that the same questions come up time and time again. Here’s a compilation of answers to your most common queries – plus links to additional Capstan resources for... 
by Capstan Tax Strategies | May 5, 2023 | Capstan News
How to Determine R&D Tax Credit Eligibility: 4 Part Test By: Takeaways Since the R&D Tax Credit is activities-based, eligibility is determined by testing the research activities a company performs. In order to qualify for the Credit, a research activity must... 
by Capstan Tax Strategies | Apr 10, 2023 | Capstan News
How to Claim the R&D Tax Credit By: Capstan Tax Strategies Key Takeaways The activities-based Federal R&D Tax Credit allows qualified businesses to obtain a dollar-for-dollar reduction in tax liability. Qualifying activities include the development or... 
by Capstan Tax Strategies | Mar 10, 2023 | Capstan News, Taxation
TY 2022 Checklist: Real Estate Tax Incentives and Strategies By: 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... 
by Capstan Tax Strategies | Mar 9, 2023 | Capstan News
Welcome to the Newest Members of the Capstan Team! By: Capstan Tax Strategies 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: MAIKEL BROUWER... 
by Capstan Tax Strategies | Feb 15, 2023 | Industry Alert, Taxation
TCJA – Tax Cuts and Jobs Act (H.R.1) of 2017 By: Capstan Tax Strategies 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.... 
by Capstan Tax Strategies | Feb 10, 2023 | Cost Segregation
Cost Segregation and Multifamily Property: Busting the Myths By: Capstan Tax Strategies 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... 
by Capstan Tax Strategies | Jan 26, 2023 | Capstan News, Industry Alert
Rev. Proc. 2023-11 and the Mandatory Amortization of Section 174 Expenses: What CPAs Must Know By: Capstan Tax Strategies Summary 174 Research and Experimentation (“R&E”) Expenses paid or incurred in taxable years beginning after 12/31/2021 cannot be immediately... 
by Capstan Tax Strategies | Jan 25, 2023 | Behind the Scenes, Capstan News, Featured
Isaac Downing Regional Director 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... 
by Capstan Tax Strategies | Jan 9, 2023 | Capstan News
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 –... 
by Capstan Tax Strategies | Jan 5, 2023 | Capstan News
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... 
by Capstan Tax Strategies | Dec 27, 2022 | Behind the Scenes, Capstan News, Featured
Carly Coker R&D Project Manager 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... 
by Capstan Tax Strategies | Dec 8, 2022 | Capstan News
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... 
by Capstan Tax Strategies | Nov 28, 2022 | Capstan News, Cost Segregation, Taxation
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... 
by Capstan Tax Strategies | Nov 14, 2022 | Cost Segregation
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... 
by Capstan Tax Strategies | Oct 24, 2022 | Capstan News, Featured
David Stephens Senior Project Engineer 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... 
by Capstan Tax Strategies | Oct 10, 2022 | Cost Segregation, Taxation
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... 
by Capstan Tax Strategies | Sep 7, 2022 | Capstan News, Cost Segregation, Taxation
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... 
by Capstan Tax Strategies | Aug 31, 2022 | Capstan News, Featured
Ty Wimmer Project Engineer 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... 
by Capstan Tax Strategies | Aug 10, 2022 | Asset Management, Capstan News, Tangible Property Regulations, Taxation
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... 
by Capstan Tax Strategies | Aug 8, 2022 | Capstan News
Jacob Wood Regional Director of Business Development 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... 
by Capstan Tax Strategies | Aug 8, 2022 | Capstan News
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,... 
by Capstan Tax Strategies | Jul 18, 2022 | Capstan News, Cost Segregation, Featured
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... 
by Capstan Tax Strategies | Jul 11, 2022 | Capstan News, Cost Segregation, Featured
It’s easy to underestimate the 45L Tax Credit. Over the years, the EPAct 179D Deduction has gotten a great deal of press, with 45L often presented as an afterthought, if at all. However, this oft overlooked incentive brings tremendous benefit, and is a key strategy... 