Opportunity Zone Investing – Should Taxpayers Invest Now or Wait Until Congress Enacts OZ 2.0?
... 15% and 10% basis step-ups expired in 2021 and 2022, respectively, the deferral benefit still carries significant time value—especially ...
The Impact of Measure ULA on LA's Luxury Real Estate Market
... 's Luxury Real Estate Market June 3, 2024 In November 2022, Los Angeles voters approved Measure ULA, implementing a real estate ...
Proposed Legislation: Tax Relief for American Families and Workers Act of 2024
... depreciation for qualifying property placed in service after December 31, 2022, and before January 1, 2026. Currently bonus depreciation is set ...
A Cost Segregation Study May Cut Taxes and Boost Cash Flow
... law temporarily increased first-year bonus depreciation to 100% in 2022, but for 2023, qualified property will get an 80% deduction ...
Update on Depreciating Business Assets
... used assets that were placed in service in calendar year 2022, 100% first-year bonus depreciation percentage could be claimed. However ...
Proposed Regulations on R&D Amortization in the Spotlight: An Analysis of IRS Notice 2023-63
... effect in tax years starting after January 1, 2022. Beginning in 2022, the TCJA mandates companies to treat their ... in Short Taxable Years: Beginning with tax returns for 2022, the new Section 174 amortization rules require businesses that ...
Virtual Currency Lands in the IRS’s Crosshairs
... tax returns. Moreover, the Inflation Reduction Act, enacted in 2022, allocated $80 billion to the IRS, with much of ... tax return in recent years. The 2022 version asks: “At any time during 2022, did you: (a) receive (as a ...
Changes in Sec. 174 Make it a Good Time to Review Your R&E Strategy
... (R&E) expenses. R&E expenses Starting in 2022, Internal Revenue Code Section 174 R&E expenditures must ... ;t been taking advantage of it. Recent IRS guidance For 2022 tax returns, the IRS recently released guidance for taxpayers to ...
... K-2 and K-3: New Domestic Filing Exception, 2022 Revisions, Reporting Foreign Activity International Partner, John Samtoy January ... K-3, the IRS recently released instructions for the 2022 schedules which, thankfully, include many changes. First and ...
California's Payroll Tax Increase for Higher Earners to Fund Increased Family Leave for More Workers
... Tax Partner and Jess Penilla, Tax Principal December 19, 2022 Governor Newsom signed Senate Bill 951 (SB 951) on ... 09 2021 1.20% $128,298 $1,539.58 2022 1.10% $145,600 $1,601.60 Effect of ...
BEST OF THE BEST
Our passion for excellence, continuous learning, and improvement have garnered HCVT numerous industry accolades. These honors demonstrate the firm’s focus on client service and commitment to maintaining a supportive, employee-centric culture.