Dave and Justin Gephart discuss depreciation law changes which create new tax planning opportunities and updates you may need to know within the CARES Act.

On this week’s episode, Dave discusses 1031 exchanges and how they work, as well as changes that occurred to 1031 exchanges after the Tax Cuts and Jobs Act of 2017.

In Forbes, Dave discusses the importance of securing a quality cost segregation study.

The Tax Cuts and Jobs Act (TCJA), of 2017 updated the guidelines surrounding 1031 exchanges. This new definition limits the eligibility to “real property.” Since the implementation of the TCJA, taxpayers have debated what qualifies for a 1031 exchange, specifically in the context of cost segregation studies. On June 12th, 2020, the IRS released proposed regulations answering many of these questions.

On this special COVID-19 Edition of McGuire on the Wire, Dave dives into provisions of the CARES Act including: Net Operating Loss (NOL), 163(j) and Qualified Improvement Property.

Dave McGuire candidly discusses one of the largest stimulus programs in history specifically in relation to the Paycheck Protection Program. This is a time sensitive program that can make a huge difference for companies with less than 500 employees, tune into a special COVID-19 edition of McGuire on the Wire to hear why it’s critical for a small business to implement it correctly.

As published in Accounting Today: Dave discusses considerations in an uncertain economic environment amid coronavirus.



An engineering firm that specialized in the design of elementary schools recently contacted McGuire Sponsel to confirm eligibility for the Energy Efficient Commercial Building Deduction on a recently built 99,000 square foot school.

On this week’s episode, Dave and Justin Gephart discuss the changes to the depreciation law, how each piece of legislation has made Cost Segregation more relevant and created more opportunities for tax planning purposes and updates within the CARES Act.



McGuire on the Wire Episode 20

by Dave McGuire & Justin Gephart
July 6, 2020