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RECENT INSIGHTS:

  • depreciation Residential Rental Property

Change in Accounting for Certain Residential Rental Property

July 6, 2021|

Certain types of residential rental property placed in service prior to 2018 can claim a shorter depreciation recovery period, potentially generating significant tax benefits. Affected taxpayers have until April 15, 2022 to file an amended return.

  • Philanthropy - Charitable Giving

Club Philanthropy: Typical Club Foundations

June 24, 2021|

While many clubs have gifting programs that are not tax advantaged, this article focuses on some typical club foundations that provide an incentive to their members to get involved in various initiatives that qualify for favorable tax treatment by the IRS.

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