Tax White Papers

Reznick Group practice professionals discuss tax best practices related to key business issues, trends and ideas relevant to your industry.

  • Found Money! Understanding the Section 179D Tax Deduction

    If you are a commercial building owner, or are involved in the design of a government building, you may be eligible for a Section 179D tax deduction to help make your building more energy efficient. This white paper outlines the benefits, and potential beneficiaries, of the Section 179D deduction. The deduction can be taken for energy efficiency improvements that include the installation of energy efficient lighting, HVAC, hot water systems and building envelopes (walls, windows, etc.).

  • New IRS Proposal Has Implications for Public and Private REITs

    In January, 2010, the IRS announced a proposal (IRS Announcement 2010-9) requiring certain business taxpayers to disclose uncertain tax positions on their annual federal tax return. This change was created to allow for greater corporate transparency of significant tax issues underlying the return and to increase efficiency of corporate audits. This white paper explores the implications of 2010-19 and its potential consequences for public and private REITs.

  • Looking for Tax Savings? Study Building Costs to Up Cash Flow

    Though known by many real estate owners, the practice of cost segregation is sometimes overlooked. It is a methodology used to reallocate certain building costs into separate identifiable components that can be depreciated over shorter lives.  All businesses that acquire, construct or renovate real property can benefit from a cost segregation study as it can help building owners save on taxes and improve cash flow.

  • Weigh Tax Implications Before Buying Failing Bank

    As the real estate market began to decline, with a resulting rise in credit defaults, analysts and financial commentators suggested the potential for multiple bank failures as financial institutions would be required to write down the value of their mortgage assets. This white paper provides essential  tax advice for financially stable banks considering the acquisition of a failing financial institution.