Monthly Archives: December 2013

Capitalizing on the De Minimis Exception

For years, the IRS has tried to wrap its arms around rules related to the capitalization vs. deductible repairs and supplies for tangible property. In September 2013 – two years after the proposed regulations were issued – the IRS issued the Final Tangible Property Regulations. For many, the final regulations provide a more generous de […]

Top Five 2013 Year-End Estate & Tax Tips for Real Estate Developers

Have you adjusted your estate planning, investment and tax strategies to take advantage (or not hurt yourself) in light of the new tax rates? Higher income earners can potentially be in the 39.6%, and may have an additional 3.8% Medicare surtax on investment income to be in the 43.4% tax-bracket. Also, the highest estate tax […]

Do Your Year-End Tax Planning Now

By now, everyone should have filed their 2012 business and individual income tax returns. Before we settle into the holidays, let’s not forget to do some basic year-end tax planning. The American Taxpayer Relief Act of 2012 (ATRA) passed in January 2013, as well as the Patient Protection and Affordable Care Act (Obamacare), contained significant […]