Golden Nugget: New Write-Offs in New Repair Regulations

Good news from the IRS!

(You read that right. Uncle Sam actually has some good news for you.)

You see, with the new “tangible property” regulations, you can now write off replaced components like roofs, HVAC systems, lighting systems, etc.

Want to learn how to take advantage of two great new ways to save on taxes?

You’ll find out how to come out a winner when you read my new article titled Tax Tips: Golden Nugget: New Write-Offs in New Repair Regulations

Three ways our fact-filled article can help you:

1. We’ll tell you how to save a whole lot of money! Until recently, if you replaced a roof (for example), you were stuck capitalizing and depreciating the new roof — and you had to continue depreciating the old one. But under new IRS rules, you can claim a tax deduction equal to the remaining basis (undepreciated cost) of the component you replaced. You’ll get the whole story and exactly how to do this even when you don’t have the old roof on your books of account. Read the full article!
2. You’ll learn about another big money-saving tax benefit. By getting that old component off your books, you also save thousands of dollars in recapture taxes when you sell the building! That means you add to your bottom line twice. What’s more, the new law makes double-dipping easy as you’ll discover when you read the full article!
3. We’ll tell you three ways the IRS helps you figure out how much to write off. Sometimes the IRS can be helpful. For example, in this case it lists three methods for making back-tracking calculations. We’ll explain them all fully when you read the full article!