Helped Satisfy Non-Taxible Life Insurance Proceeds with Cross Purchase Agreement
Our Real Estate and Construction Group helped a client establish a cross purchase agreement that helped satisfy both non-taxable life insurance proceeds, and the purchase of the remaining shareholders...
View ArticleReal Estate and Construction Newsletter December 2015
As year-end approaches, many taxpayers have been focused on whether an extenders package will be passed to offer Section 179 and/or bonus depreciation relief. However, before congress was able to act,...
View ArticleReal Estate and Construction Newsletter December 2015
President Obama has signed into law The Protecting Americans From Tax Hikes Act of 2015 (PATH Act). The new legislation brought with it certainty on a handful key tax provisions, commonly referred to...
View ArticleReporting Responsibilities of Contractors in Multi-Employer Plans Under the...
Applicable large employers (ALE ‘s) (employers subject to the Internal Revenue Code (Code) Section 4980H Employer Shared Responsibility provisions) contributing to a multi-employer health coverage plan...
View ArticleReal Estate and Construction Newsletter January 2016
Midwest Contractors Among Those Expecting Revenue Growth in 2016 The Construction Financial Management Association (CFMA) recently released its 2015 Annual Financial Survey which reports impressive...
View ArticleMore Taxpayers Can Benefit from Now Permanent R&D Tax Credit
The Research & Experimentation Tax Credit (R&D) is now a permanent tax law, making it easier and more efficient for businesses to do year-end tax planning. Until the Protecting Americans from...
View ArticleReal Estate and Construction Newsletter February 2016
The Future of the St. Louis Commercial Real Estate Community Last week was eventful for those involved in the Downtown St. Louis commercial real estate community. It was highlighted by the Feb 16...
View ArticlePerformed Depreciation Planning and Cost Segregation Study Resulting in...
Through depreciation planning surrounding the IRS Repair Regulations, along with performing a cost segregation study, Anders accelerated over $220,000 in depreciation deductions to save the owners of a...
View ArticleReal Estate and Construction Newsletter March 2016
Put an End to March Accounting Madness by Outsourcing As March Madness heats up, most of us have come to the realization that we’ll have to wait one more year to finally win our NCAA office pool. Just...
View ArticleReal Estate and Construction Newsletter April 2016
In the aftermath of Monday’s tax filing deadline, many taxpayers are doing a post mortem of their tax situation and are determined to make next year different. While the pain of writing big checks to...
View ArticleReal Estate and Construction Newsletter May 2016
Creating a Summer Checklist for Your Business Most successful business owners, regardless of their industry, understand the importance of setting goals and monitoring progress on achieving those goals....
View ArticleNew PATH Act Provisions Mean More Incentives for Real Estate Investments
Extensions of the Protecting Americans from Tax Hikes Act of 2015 (PATH) provided permanent extensions and new incentives for real estate investments. Extensions and modifications to bonus...
View ArticleReal Estate and Construction Newsletter June 2016
Construction Industry Experiencing Rapid Growth and Highest Tax Rate As most business owners are well aware, June 15 was the filing deadline for second quarter estimated tax payments. For many, this...
View ArticleMissouri Historic Tax Credits Maximize Your Renovation Tax Savings
Recently announced redevelopment projects in the City of St. Louis include the Jefferson Arms Building on North Tucker Boulevard, the former CPI Corp. headquarters on Washington Avenue, and the LaSalle...
View ArticleQualifications for the Cancellation of Real Property Debt to be Excluded From...
The IRS recently shed some light on the exclusion of cancellation of debt (COD) income generated from qualified real property used in a trade or business. The IRS Code Section 108(c)(3)(A) revenue...
View ArticleReal Estate and Construction Newsletter July 2016
Benefit from Real Estate and Construction Industry Growth with Economic Incentives As discussed in our last newsletter, many local real estate and construction companies are in growth mode. As this...
View ArticleDiscovered Additional First Year Deprecation Deduction of over $400,000 Using...
An office building was constructed from the ground up at a total cost of $3.3 million. As a result of a cost segregation study, nearly $731,000 of costs were re-categorized from 39-year property to 5,...
View ArticleUsed Cost Segregation Study to Save Auto Dealer Over $273,000
Our client, an auto dealer, purchased a commercial building for $1.6 million and incurred $1.5 million in renovation costs in 2014. After a qualified cost segregation study was completed, over $1.4...
View ArticlePerformed Cost Segregation Study to Break Down $3.6 Million into Shorter...
After purchasing a commercial building and incurring renovation costs totaling $7.6 million during 2008 and 2009, our client decided to do a look back cost segregation study and “catch-up” on...
View ArticleUsed Bonus and Accelerated Depreciation for 40% of Costs in Assisted Living...
A new assisted living facility was built at a total cost near $5.8 million. After our client engaged us to complete a cost segregation study, roughly 40% of the costs ($2.4 million) were eligible for...
View Article