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Recent Ideas and Insights
Qualified Production Property (QPP) – A compelling bonus depreciation opportunity.
The One Big Beautiful Bill Act (OBBBA) has introduced IRC § 168(n), establishing a new category of property called Qualified Production Property (QPP), eligible for 100% Bonus Depreciation. Qualified Production Property (QPP) is considered as any non-residential real...
Bonus Depreciation is BACK at 100%!
With the passing of the “Big Beautiful Bill Act”, there’s exciting news for real estate investors and business owners: Bonus Depreciation is now permanently extended under Section 168. 100% Bonus Depreciation applies to qualifying property acquired and placed in...
Big News for Real Estate Investors: 100% Bonus Depreciation Is Back!
If you're a real estate investor or developer, you've probably been watching the rollercoaster of bonus depreciation over the last few years. Well, buckle up—because as of January 20, 2025, bonus depreciation is back, and it’s back at 100% for qualifying assets. That...
Bitcoin Bankruptcies Pose Equipment Valuation Challenges
The recent downtrend in the price of Bitcoin and other cryptocurrencies combined with record high hash rates, increased competition, and higher electricity costs have squeezed profits and caused bankruptcies such as FTX and Celsius Network, among others. This has led...
179D Energy Policy Act (EPACT)
The 179D Energy Policy Act of 2005 (EPACT), also known as IRC Sec. 179D, is a popular tax incentive that enables buildings owners and designers to claim a tax deduction for energy-efficient commercial building property (EECBP) including HVAC, building envelope and...
Impairment
Impairment Everything old is new again. Working our way through the current pandemic brings back memories of the previous financial crisis and its impairments. The rules for asset impairment remain the same this time around. ASC 360-Property, Plant, and Equipment or...
Site Inspection procedures during the COVID-19 Pandemic.
We wanted to provide an update to our April 10, 2020 article “Virtual Inspection approaches in the wake of the COVID-19 Pandemic”. Over the past two months we have completed a number of inspections using in part some of the following procedures: Provided clients with...
Qualified Improvement Properties; Are Cost Segregation Studies Necessary?
In a previous PLC article we discussed recent changes to the treatment of Qualified Improvement Property (“QIP”) as part of the CARES Act; most importantly that QIP placed in service in 2018 and after can now be considered 15-year Property and is eligible for 100%...
Virtual Inspection approaches in the wake of the COVID-19 Pandemic.
The COVID-19 pandemic has dramatically altered the appraisal environment. For Machinery and Equipment (“M&E”) valuations, one example of change during this challenging time will be a temporary hold on the ability to conduct on-site inspections or inventories as...
Qualified Improvement Property Now Eligible for Bonus Depreciation Through CARES Act
Under the Coronavirus Aid, Relief and Economic Security (‘CARES”) Act, Qualified Improvement Property (“QIP”) placed in service in 2018 and after can now be considered as 15-Year Property and is eligible for 100% bonus depreciation. QIP refers to interior improvements...