by Dave McGuireJanuary 30, 2023

Specialty tax areas get more complicated this filing season

As we celebrate the New Year and move into filing season, it is a good time to review where the industry stands with specialty tax areas that are an increasingly large portion of business tax returns. These areas include cost segregation, research tax credits, energy credits and deductions, and international tax compliance. With the recent passage of the Inflation Reduction Act of 2022, and the lack of tax extenders, it is important to be aware of how these complicated areas are ever changing.

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David McGuire is a leading expert on cost segregation, fixed assets and depreciation law and a co-founder of McGuire Sponsel. McGuire continues to grow McGuire Sponsel’s national presence in cost segregation and depreciation.

He is the primary resource for alliance firms in regards to how tax law affects depreciation. His knowledge in determining asset costs and classifications has held up against IRS scrutiny and has built the firm into a trusted industry resource.