✨ What’s new

• 100% bonus extension on the horizon? As most of you know, bonus is currently phasing down by 20% each year from 100% in 2022 to 0% in 2027 😢. Rejoice bonus depreciation lovers (maybe?) as the House Ways and Means Committee recently approved a trio of tax bills which included an extension of 100% bonus through the end of 2025. But there is still a long way to go as the bill needs to be approved by the full House, pass the Senate, and be signed into law by the President. Queue the old How a bill becomes a law video that we all watched in elementary school.

• New and improved (well sort of) Revenue Procedure for automatic accounting method changes. The IRS recently released its updated annual list of automatic accounting method changes, dubbed Rev. Proc. 2023-24. Most existing method changes were not significantly modified, including good ole’ change #7 for depreciation. Still available and still automatic for making a change in depreciation for existing assets (e.g., look back cost seg studies).

• Launch of Cost Seg EZ. I am incredibly excited to announce the launch of a new product that we have been working hard on for the last six months. Cost Seg EZ is DIY cost segregation tool that allows you to INSTANTLY generate cost seg reports Check it out at Cost Seg EZ ! 

 🐦️ In case you missed it on Twitter

• Cost Seg Brain 🧠 

• The story behind MVO 👨‍👩‍👦‍👦 

• Wonky “SUPER” depreciation in PA 🦸‍♀️ 

 📰 Deep dive with our latest blogs

• Qualified Improvement Property - A Guide for Real Estate Investors

• What is Cost Segregation

• IRS Updates Cost Segregation Audit Technique Guide

 📤️ Referrals

Did you enjoy working with MVO on your project? Do you know others who may benefit from the valuable services we provide? Don’t keep us a secret!

We love it when happy clients share their great experiences with others. How you can help:

• Give us a shout out on Twitter: @mvocostseg

• Share our contact information with your network: [email protected]