by Capstan Tax Strategies | Nov 5, 2021 | Capstan News
What’s So Great About the TPRs? Join Capstan Partner Terri S. Johnson as she sings the praises of the Tangible Property Regulations. Terri’s attitude is contagious, and you’ll find yourself excited about expensing options, enthused about the BAR and Materiality Tests,... by Capstan Tax Strategies | Oct 26, 2021 | Capstan News
Focus on the Market: Triple Net Lease or NNN Properties The triple net lease market includes a diverse group of property types such as quick-service restaurants (QSR), dollar stores, retail pharmacies, and single-tenant office buildings. Properties with a triple net... by Capstan Tax Strategies | Oct 12, 2021 | Capstan News
Non-profit tenants are popping up all over, and CPAs are often confused about depreciation of these properties. We’ve gotten so many questions lately… How do I treat this tax-exempt non-residential real estate? MACRS or ADS? What about the associated tax-exempt... by Capstan Tax Strategies | Aug 11, 2021 | Capstan News
Prefer to Listen? Download this podcast episode! On this episode of the Capstan Live podcast Capstan Managing Partner Terri S. Johnson, CRE, takes us on a lively walk through the Life Cycle of Real Estate. We’ll discuss the utility of cost segregation at each stage... by Capstan Tax Strategies | Aug 9, 2021 | Capstan News
Prefer to Listen? Check out our podcast on assisted-living facilities! Found in many shapes and sizes, assisted-living facilities are an evergreen property type long favored by investors and developers. Similar to a multifamily property, the assisted-living facility... by Capstan Tax Strategies | Aug 9, 2021 | Capstan News
Prefer to Listen? Check out our new podcast on QIP! Qualified Improvement Property (QIP) was introduced to the federal tax code via the PATH Act of December 2015. Initially, QIP was conceived as a vehicle by which base building assets might become eligible for bonus... by Capstan Tax Strategies | Jul 13, 2021 | Capstan News
We’re proud to announce the launch of our new podcast! The Capstan Tax Strategies team is known for cutting-edge industry insight, technical precision, and of course, our great personalities. Capstan LIVE delivers more of the same – straight to you! We’ll take on... by Capstan Tax Strategies | Jul 1, 2021 | Capstan News
Remote Work & Mobility Leads Counselors’ 2021-22 List Jenkintown PA — Terri S. Johnson, CRE, and Bruce Johnson, CRE announced the current and emerging issues expected to have the most significant impact on real estate, as identified by The Counselors of Real... by Capstan Tax Strategies | Jun 3, 2021 | Capstan News
CAPSTAN TAX STRATEGIES: THE OFFICIAL COST SEGREGATION PROVIDER OF PICPA’S “FIRM ALLIANCE” PHILADELPHIA, PA, January 12, 2021 – Capstan Tax Strategies is pleased to announce their selection as the Official Cost Segregation Provider of the PICPA Firm Alliance. The... by Capstan Tax Strategies | May 6, 2021 | Capstan News
A staple of property development in the urban setting, mixed-use properties provide a great opportunity to get the most out of a piece of land. A typical development will contain a mix of differing property types – you might see a combination of office and retail, a... by Capstan Tax Strategies | Apr 22, 2021 | Capstan News
Focus on the Market: Medical Office Properties April 2021 Today we will consider a property type that has been a growing focus for federal tax strategies such as cost segregation: the medical office building (MOB). The MOB market remains robust even in our turbulent... by Capstan Tax Strategies | Apr 6, 2021 | Capstan News
Focus on the Market: Self-Storage Properties April 2021 We are pushing through this extended tax filing season. Every tax season we at Capstan have the privilege to work with many great clients and see all kinds of different property types. Each type is unique, and... by Capstan Tax Strategies | Feb 18, 2021 | Capstan News
We are pleased to announce the recent hiring of two additions to the Capstan Tax Strategies team. Join us in welcoming our new Regional Directors. MEET ISAAC DOWNING, REGIONAL DIRECTOR, WEST COAST Over the last decade, Isaac Downing has played every role in... by Capstan Tax Strategies | Feb 4, 2021 | Capstan News
The Consolidated Appropriations Act of 2021 (the “CAA” or the “Act”) was signed into law on December 27, 2020. At 5,593 pages, the Act is one of the largest in history, and can be viewed in full at here. The CAA establishes funding for government operations... by Capstan Tax Strategies | Dec 15, 2020 | Capstan News
The multifamily market remains consistently steady and robust, even through the challenges of late. Along with providing the opportunity to earn rental income, multifamily projects offer a number of tax benefits to the thoughtful investor. In fact, we’re finding... by Capstan Tax Strategies | Nov 30, 2020 | Capstan News
Commercial real estate owners, developers, and investors have many tools at their disposal with which to develop a strong tax strategy. In addition to the stable of well-known strategies, the last few years have seen many expanded programs designed to incentivize... by Capstan Tax Strategies | Oct 28, 2020 | Capstan News
Last year Terri S. Johnson, CRE, took a deep dive into the impact of tax reform on commercial real estate. The resulting article – “Depreciation Strategies Under the New Tax Law” – was originally published in the July 2019 volume of Real Estate Issues, the official... by Capstan Tax Strategies | Sep 30, 2020 | Capstan News
Handle with Care: What is and is not QIP The CARES Act ushered in several changes that had a positive impact on real estate owners. One provision that had a huge immediate impact was the retroactive correction of the recovery period for assets defined as Qualified... by Capstan Tax Strategies | Sep 28, 2020 | Capstan News
The IRS issued final regulations (T.D. 9916) providing guidance on additional first-year (bonus) depreciation under Sec. 168(k), which was amended by the law known as the Tax Cuts and Jobs Act, P.L. 115-97. This Capstan blog includes substantive aspects of the Final... 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... by Capstan Tax Strategies | Apr 10, 2020 | Capstan News, COVID-19
In these uncertain and unprecedented times dealing with the international pandemic COVID-19, one thing that we are seeing for certain are rapid changes and updates. In many cases, guidance given just the day before is quickly out of date. On April 7th, Capstan... by Capstan Tax Strategies | Apr 7, 2020 | Capstan News, COVID-19
You’ve probably heard the news – the long-awaited technical correction of Qualified Improvement Property (QIP) status has arrived via the CARES Act. The legislation assigns QIP placed-in-service on or after 1/1/2018 a recovery period of 15-years, making it eligible... by Capstan Tax Strategies | Mar 30, 2020 | Capstan News, COVID-19
On Friday March 27th the President signed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) into law. This $2 trillion dollar stimulus bill will provide relief to individuals, businesses, and state and local governments, and will bolster an economy... by Capstan Tax Strategies | Feb 17, 2020 | Capstan News
You might have heard that the so-called “Energy Incentives” were recently reestablished. This change in legislation may qualify you for an additional tax deduction on certain 2018 projects. The President signed the Further Consolidated Appropriations Act into law on... by Capstan Tax Strategies | Jan 8, 2020 | Capstan News
In nearly 20 years as a Cost Segregation Professional, Capstan’s Ziv Carmel thought he’d seen it all. He was wrong. This fall, Ziv journeyed to scenic Norway, Maine, to explore The Woods Maine, a high-end custom treehouse that combines bespoke and bucolic with... by Capstan Tax Strategies | Dec 23, 2019 | Capstan News
The President signed the tax extender package; Further Consolidated Appropriations Act into law on Friday December 20th, 2019. This legislation reestablishes the Section 179D and 45L programs retroactively back to 1/1/2018 and extends them forward through...