Unmasking Tax Code: Is Your CPA a Tax Maestro or do they Just File Your Taxes?
In the world of taxation, there's a crucial distinction between a Certified Public Accountant (CPA) who simply crunches numbers to complete tax returns and one who delves deep into the labyrinth of the tax code. While many CPAs.....
An amended Tax return is no longer necessary to fix depreciation in prior years. In place of an amended return, the IRS has issued Revenue Ruling 2004-11, which allows a taxpayer to file a Form 3115 (Automatic Change in Accounting). This allows the taxpayer to take any missed deductions in THIS CURRENT TAX YEAR. So, if you have purchased a building in the last ten years, call us for a no cost proposaland you can apply the savings to this year's tax return.
Steve began working in the Cost Segregation Industry in the early 2000’s and has been involved in thousands of studies across a full range of industries. He holds a Bachelor’s Degree in Business Administrationand a Master’s Degree in Taxation, with an emphasis on Real-Estate Taxation and Depreciation.
With his extensiveexpertise, Steve assists the Cost Seg America team and their clients through technical aspects of understanding the cost segregation studyprocess and intricacies of current tax code.
Steve began working in the Cost Segregation Industry in the early 2000’s and has been involved in thousands of studies across a full range of industries. He holds a Bachelor’s Degree in Business Administrationand a Master’s Degree in Taxation, with an emphasis on Real-Estate Taxation and Depreciation.
With his extensiveexpertise, Steve assists the Cost Seg America team and their clients through technical aspects of understanding the cost segregation studyprocess and intricacies of current tax code.
"The information contained this newsletter is meant for guidance purposes only and does not in any way constitute legal or tax advice. Readers should seek advice from their CPA or Accountant in relation to information contained in these articles."