Tax

When buying real estate for investment, whether residential property or commercial buildings, the primary goal upon exiting is to profit from the sale

https://windes.wistia.com/medias/0f34mmjff3?embedType=async&videoFoam=true&videoWidth=640 https://windes.wistia.com/medias/jkbz4h8r2r?embedType=async&videoFoam=true&videoWidth=640   At a Glance Main Takeaway Cost segregation studies are powerful analyses that help maximize depreciation deductions and minimize tax liability for residential and commercial rental properties a taxpayer owns or is looking to acquire. A cost segregation study examines each property element and accelerates depreciation deductions for…

Federal Individuals and businesses in Southern California affected by wildfires now have until October 15, 2025, to file various federal individual and business tax returns and make tax payments

**Please see updated post 2/19/2025 here: https://windes.com/boi-now-mandatory-march-21-deadline/   The BOI reporting mandate roller coaster ride continues

A federal district court in Texas issued a nationwide preliminary injunction against enforcing the beneficial ownership reporting requirements mandated by the Corporate Transparency Act (CTA)

The Tax Cuts and Jobs Act (TCJA) was a comprehensive tax reform bill signed into law on December 22, 2017, and became effective on January 1, 2018

https://windes.wistia.com/medias/x22r4385f6?embedType=async&seo=true&videoFoam=true&videoWidth=640   This webinar, recorded on November 5, 2024, covers tax strategies for businesses and individuals who plan to exit the state of California

Windes Tax Senior Manager Matt Whipple has produced a user-friendly tax data schedule for 2024

IRS is Currently Processing 400,000 Claims Worth About $10 Billion  The IRS announced continued progress on Employee Retention Credit (ERC) claims, with processing underway on about 400,000 claims, representing about $10 billion of eligible claims