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Tangible Property Tax Consulting 

The tax treatment of fixed assets can become a true advantage

Whether it is the final tangible property regulations, proactive tax planning or the classification of assets for property tax purposes, the treatment of fixed assets is an increasingly important business concern. Companies have the opportunity to apply IRS-approved accounting methods to distinct types of property to manage overall tax liabilities and decrease audit risk. Many businesses are also required to adjust fixed asset accounting methods as a result of the most recent tangible property regulations. Knowing how to favorably comply with tangible property rules is critical to identifying an advantageous and defensible classification of assets.

RSM has tangible property, cost segregation and accounting methodology professionals with deep experience in consulting with companies to manage fixed assets and apply the tangible property regulations at the federal and state levels.

related insights

INSIGHT ARTICLE

What to know about property tax savings for manufacturers

Manufacturers have unique personal property and real estate tax issues. Prevent overpayment by avoiding common tax compliance mistakes.

INSIGHT ARTICLE

Tax reform likely to occur early next year

Expect tax reform to be a central focus of the new Congress and new administration in early 2017. Here is a look at what could be coming.

Election impact on tax policy

INSIGHT ARTICLE

Election impact on tax policy

President-elect Trump and the House Republicans believe that tax reform is essential. Expect tax reform to be a central focus in early 2017.

IRS releases its Audit Technique Guide for examining tangible property

TAX ALERT

IRS releases its Audit Technique Guide for examining tangible property

The guide will assist agents in examining taxpayers’ treatment and implementation of the final tangible property regulations.

INSIGHT ARTICLE

Final REIT regulations clarify the definition of “real property”

These final regulations defining real property for REITs are effective for tax years beginning after Aug. 31, 2016.

INSIGHT ARTICLE

Retailers must be mindful of gift card tax pitfalls

Retailers should assess gift card procedures including an annual review of reporting, sales tax, unclaimed property and more.

INSIGHT ARTICLE

5 features of tax deductions for energy efficiency

If your company owns or leases energy-efficient commercial buildings, you may be eligible for a deduction for costs associated with the property.

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UPCOMING RSM TAX EVENTS

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2016 Fall tax summit series

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Business growth: Workforce tax considerations

  • January 20, 2016