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 remarkable results. The Woods Maine is a privately-owned Luxury Treehouse designed by […]
EPAct/179D and 45L Extended Retroactively Through 2020
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 12/31/2020. We’ve long been hoping to see the extension of EPAct 179D and 45L, as these incentives can be […]
Article — Compare and Contrast 1031 Exchanges and Opportunity Zones
Capstan’s Bruce Johnson takes a close look at 1031 Exchanges and Qualified Opportunity Zones in the Fall 2019 issue of NAIOP’s Developer Magazine. Both have merits and limitations, and the wise investor might find utility in each strategy at different stages of life. In a concise but informative read, Bruce highlights some of the most […]
Article – Depreciation Strategies Under The New Tax Law: What You Need to Know
With 9/15 in the rear-view mirror, it’s time to start gearing up for tax season. A great place to start is with Terri Johnson’s recent article in Real Estate Issues Magazine. Readable and succinct, this article details the impact of key Tax Cuts and Jobs Act provisions on depreciation strategies in TY 2019 and beyond. […]
Terri S. Johnson, CRE, Announces the Top Ten Issues Affecting Real Estate
Infrastructure and Housing Lead 2019-2020 List Jenkintown, Pennsylvania —Terri S. Johnson, CRE, Managing Partner, Capstan Tax Strategies, shared the current and emerging issues expected to have the most significant impact on real estate in 2019 and 2020, as identified by The Counselors of Real Estate. U.S. infrastructure and housing ranked as the leading concerns of […]
Article — A Perfect Match: Choosing Referral Partners that Add Value
As the tax code becomes increasingly complex more and more CPAs find themselves working with specialists. Picking the right referral partner is crucial, and our own Terri Johnson took to the pages of this month’s New Jersey CPA Magazine to share some tips on selecting your firm’s ideal partner. Today’s CPAs serve as true partners […]
IRS Proposed Regulations Offer Guidance Concerning the Deferral of Gains on Investments in a Qualified Opportunity Fund
On April 17, the IRS issued guidance that offered additional information on investments in qualified opportunity zones. The proposed regulations are meant to provide guidance under section 1400Z-2 of the Internal Revenue Code and relate to gains that taxpayers can defer as a result of investing in a qualified opportunity fund (QOF). The proposed regulations […]
Restoring Investment in Improvements Act (H.R. 1869)
Momentum continues to build towards a technical correction of the recovery period for Qualified Improvement Property (QIP). Two weeks ago, U.S. Senators Pat Toomey (R-Pa.) and Doug Jones (D-Ala.) introduced the Restoring Investments in Improvements Act (RIIA), which would firmly establish the recovery period of QIP as 15-year MACRS class life. Yesterday, Congressman Jimmy Panetta […]
Restoring Investments in Improvements Act (RIIA)
The status of Qualified Improvement Property (QIP) under the Tax Cuts and Jobs Act (TCJA) has been a topic of contention for some time, and taxpayers have long been hoping for an update. Last Thursday we saw the first step in a journey towards the long-awaited Congressional technical correction. On 3/14/19, U.S. Senators Pat Toomey […]
The Big Questions: Maximizing Tax Savings in 2018
The Tax Cuts and Jobs Act has generated a great deal of opportunity for commercial real estate owners, but the TCJA isn’t the only game in town. There are tax savings strategies old and new in play for 2018; thoughtful and comprehensive tax planning is more important than ever. To ensure that no opportunity is […]