News for CPAs: New Tax Regulations allow you to retire individual building components. Must be Done This Tax Season CPAs and Building Owners Take Full Advantage of this New IRS Tax Regulation and Save Thousands of Dollars. Many accountants and tax professionals are not yet aware of the new partial disposition tax regulations that were enacted in
Partial Disposition Prevents Simultaneous Depreciation Partial disposition refers to the disposition of part of a larger asset separately from the remainder of the asset, typically when a portion of the asset is replaced before the entire asset is depreciated. The IRS adopted partial disposition rules for Modified Accelerated Cost Recovery System (MACRS) assets with the
Titan Echo’s pricing is favorable to other cost segregation service firms that we have been exposed to, and tax preparers need to be aware of the benefits cost segregation studies provide to their clients.
Jay Reddon, CPAPartner | Reddon, Koehn & Associates