by Capstan Tax Strategies | Jan 26, 2023 | Capstan News, Industry Alert
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... 
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... 
by Capstan Tax Strategies | Jul 7, 2022 | Capstan News, Featured
Ziv Carmel Director of Engineering 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! After 20+ years in the cost seg industry... 
by Capstan Tax Strategies | Jun 13, 2022 | Capstan News, Cost Segregation, Featured
1. The concept is simple. Any given property contains a multitude of different assets, and each of them can be expected to have a different useful life. For example, you can confidently expect marble flooring to last a lot longer than say, carpet tile. The IRS... by Capstan Tax Strategies | Jun 9, 2022 | Capstan News, Featured
Andy Murdie 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! Project Engineer Andy Murdie is the... 
by Capstan Tax Strategies | May 17, 2022 | Capstan News, Featured
“R&D Tax Credits? We’re a bottling plant, not a science lab. I doubt we’re eligible…” A common misconception is that the R&D Tax Credit is only available to businesses engaged in traditional scientific experimentation – pharmaceuticals, biomedical research,... 
by Capstan Tax Strategies | May 9, 2022 | Capstan News, Featured
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! Lindsey King is a renaissance woman. You probably know her as Capstan’s... 
by Capstan Tax Strategies | Apr 11, 2022 | Capstan News, Taxation
The multifamily market remains very strong as an investment. 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 that investors view the tax savings... 
by Capstan Tax Strategies | Mar 25, 2022 | Capstan News, Taxation
As they say, the only constant is change. Many readers are aware that bonus depreciation rates are set to begin phasing down in 2023. Beginning 1/1/2023, bonus will shift from 100% to 80%, and the rate will continue to decline by 20% annually through 2026. In 2023,... by Capstan Tax Strategies | Mar 23, 2022 | Capstan News
Regular readers follow this blog for up-to-date tax information, enriching educational opportunities, and innovative real estate strategies. It’s not too often that we share something more personal, but we can’t keep this news to ourselves. Capstan Tax Strategies has... by Capstan Tax Strategies | Jan 11, 2022 | Capstan News
Terri S. Johnson, a partner at Capstan, recently contributed a very timely guest blog to PICPA. Bonus depreciation rates will start stepping down after this year – what might this mean for the multifamily sector? For Terri’s take, visit:... 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... 