Author archives: Cassady Schiller CPAs & Advisors

IRS issues guidance on new bonus depreciation rules

The Tax Cuts and Jobs Act (TCJA) significantly expands bonus depreciation under Section 168(k) of the Internal Revenue Code for both regular tax and alternative minimum tax (AMT) purposes. Now, the IRS has released proposed regulations that clarify the requirements that businesses must satisfy to claim bonus depreciation deductions. Although the regs are only proposed…

New Identity Theft  Security Measures for 2017

In a constant battle against savvy internet identity theft schemes, the IRS and state tax agencies have taken various steps to protect taxpayers from fraud and scams.  Since enhancements have been made to enable electronic filing of individual tax returns on the internet, as well as online shopping, credit card use, and electronic data reporting,…

Taxes and Voting: 2016

The election year reigns as one of uncertainty.  Clients worldwide, on both sides of the fence, are battling to quantify the impact of this year’s presidential election.  As a trusted advisor, Cassady Schiller remains independent from discussing political parties.  However, we thought it’d be helpful to break down the tax implications of each candidate’s platform.…