Insights Category: Tax

white piggy bank and calculator on white desk Insight

How Property Owners Can Benefit From a Cost Segregation Study

June 13th, 2016

Co-authored by: Gian Pazzia, CCSP, Principal at KBKG and Tom Jackson, Director at DZH Phillips Cost Segregation is a strategic tax savings tool that allows companies and individuals who have constructed, purchased, expanded, or remodeled any kind of real estate to increase cash flow by accelerating depreciation deductions and deferring federal and state income taxes. Numerous […]

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1031 Exchanges: What You Need to Know to Take Advantage

March 29th, 2016

If you have a gain when selling property, IRC Section 1031 provides an exception, allowing you to postpone paying tax on the gain if you reinvest the proceeds in similar property as part of a qualifying like-kind exchange. Gain deferred in a like-kind exchange under IRC Section 1031 is tax-deferred, but it is not tax-free. […]

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Medical Marijuana Insight

Taxation of Medical Marijuana Dispensaries

March 5th, 2015

As of this writing, 23 states and the District of Columbia have some form of legislation which allows the sale of marijuana for medicinal purposes.  Just five years ago, the number was 14, and ten years ago the number was 9.  Despite the efforts of their opponents, the medical marijuana industry is growing.  The medical […]

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