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...