As the required "facelifts" or upgrades to storefronts are competed, make sure that all available tax deductions are taken. A Cost Segregation study can increase cash flow by saving tens of thousands of dollars in federal taxes. Cost Segregation is the process of identifying parts of real property that can be depreciated over much shorter periods of time than the normal rate, thereby creating larger tax deductions and significant cash flow in the form of tax savings.…Continue
As 2012 approaches, we face the usual uncertainty about what will happen to a slate of federal income tax breaks that are scheduled to expire on December 31. If you pay attention to tax issues, you know this has become an annual ritual.
What could happen to all these tax breaks?