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Bonus Depreciation and the Component Election

Matt McKinney February 17, 2026

Bonus Depreciation and the Component Election: A New Planning Opportunity for Construction Projects Recent tax legislation has reshaped bonus depreciation once again — creating new opportunities for taxpayers with large construction and improvement projects. While bonus depreciation has been in flux since the Tax Cuts and Jobs Act (TCJA), the One Big Beautiful Bill Act (OBBBA) introduces a significant change: the permanent restoration of 100% bonus depreciation for most qualified property acquired after January 19, 2025. At the same time,

Bonus Depreciation and the Component Election

February 17, 2026 No Comments

IRS Releases Rev. Proc. 2025-28: New Guidance on R&D Deductions Under OBBBA

IRS Releases Rev. Proc. 2025-28: New Guidance on R&D Deductions Under OBBBA On August 28, 2025, the IRS issued Rev. Proc. 2025-28, which provides procedures for making elections and changing accounting methods related to research and development (R&D) expenses under the One, Big, Beautiful Bill Act (OBBBA). This guidance is

August 29, 2025 No Comments

one big beautiful bill

IRS Releases Rev. Proc. 2025-28: New Guidance on R&D Deductions Under OBBBA

IRS Releases Rev. Proc. 2025-28: New Guidance on R&D Deductions Under OBBBA On August 28, 2025, the IRS issued Rev.

Deb Roth, CPA, Matt McKinney August 29, 2025

one big beautiful bill

IRS Issues New Guidance on Beginning of Construction Rules for Wind and Solar Tax Credits

IRS Issues New Guidance on Beginning of Construction Rules for Wind and Solar Tax Credits The Treasury Department and IRS

Imran Syed August 19, 2025

A Guide to Qualified Production Property (QPP)

A Guide to Qualified Production Property (QPP) The One Big Beautiful Bill Act (OBBB) introduces IRC § 168(n), establishing a

Matt McKinney July 15, 2025

R&D

R&E Amortization Updates

R&E Amortization Updates In 2017, Congress passed the Tax Cuts & Jobs Act (TCJA)[1]. As part of the act, Congress

Matt McKinney December 8, 2022

woman using phone with money signs floating above

R&D | §179D

New Bill Outlines Covid Relief and Economic Stimulus Provisions

New Bill Outlines Covid Relief and Economic Stimulus Provisions Congress passed the Appropriations bill, which included the latest Covid relief

Deb Roth, CPA December 12, 2020

California Legislature paperwork and calculator

R&D

California Legislature Passes AB 85 and Suspends the Usage of New-Operating Losses

California Legislature Passes AB 85 and Suspends the Usage of New-Operating Losses California’s Legislature recently passed AB 85, a budget

Source Advisors July 15, 2020

stack of newspapers with news of source advisors

R&D

VA Extended Application Deadline to September 1, 2020

VA Extended Application Deadline to September 1, 2020 In a recent legislative update, the Virginia General Assembly modified the two

Source Advisors June 18, 2020

Tax Cuts and Jobs Act and Section 1031 Like Kind Exchanges Revisted

Tax Cuts and Jobs Act and Section 1031 Like Kind Exchanges Revisited The Question Following the passage of Public Law

Matt McKinney October 14, 2019

R&D

Reminder: Minnesota Increased its R&D Tax Credit Rate

Reminder: Minnesota Increased its R&D Tax Credit Rate For tax year 2017 and forward, companies spending significant research dollars in

Source Advisors January 25, 2019

Upcoming Changes to Form 6765: What Taxpayers Need to Know for 2024 and Beyond

Upcoming Changes to Form 6765: What Taxpayers Need to Know for 2024 and Beyond The Internal Revenue Service (IRS) is proposing revisions to Form 6765 which pertains to the Research and Development (R&D) tax credits. These changes, set to be effective for tax year 2024 onwards, aim to capture more

Deb Roth, CPA October 2, 2023

Chief Counsel Advice Memorandum 20214101F

Chief Counsel Advice Memorandum 20214101F On Friday, October 15th, 2021, the Internal Revenue Service published Chief Counsel Advice Memorandum 20214101F. In this memo, the Service describes what information they think taxpayers should include in a research credit claim for the IRS to consider the claim valid. Per the CCA, the IRS

Deb Roth, CPA August 2, 2023

COST SEGREGATION

Cost Seg

Rev. Proc. 2020-25 The “Retail Glitch” Fix: Implementation

Rev. Proc. 2020-25 The “Retail Glitch” Fix: Implementation On Friday, April 17th, 2020, the Internal Revenue Service posted Rev. Proc. 2020-25

Greg Bryant April 20, 2020

Tax Cuts and Jobs Act and Section 1031 Like Kind Exchanges Revisted

Tax Cuts and Jobs Act and Section 1031 Like Kind Exchanges Revisited The Question Following the passage of Public Law

Matt McKinney October 14, 2019

Cost Seg

Final and Proposed 100 Percent Bonus Depreciation Regs

Final and Proposed 100 Percent Bonus Depreciation Regs On Friday, September 13, 2019, the Internal Revenue Service released advance copies

Greg Bryant September 19, 2019

Cost Seg

Revenue Procedure 2019-33

Revenue Procedure 2019-33 On July 31, 2019, the IRS released Rev. Proc. 2019-33. This revenue procedure allows taxpayers to make or

Greg Bryant August 5, 2019

Cost Seg

Treatment of Tenant Improvements & Section 110 Overview

Treatment of Tenant Improvements & Section 110 Overview As we have discussed in a prior installment of iTaxblog, the Tangible Property

Greg Bryant January 14, 2019

The Final Bonus Depreciation Regulations

The Final Bonus Depreciation Regulations On September 21, 2020, the IRS released an advance copy of the final bonus depreciation regulations. With some modifications, these regulations finalize the proposed regulations issued one year ago. What Changed: The highlights of the Treasury Decision 9916 final regulations are: The rule prohibiting a

Greg Bryant September 28, 2020

The Current State of ADS Under the TCJA and CARES ACT

The Current State of ADS Under the TCJA and CARES ACT Introduction to the ADS The Alternative Depreciation System is part of the Modified Accelerated Cost Recovery System (“MACRS”).1 It stands in contrast to the General Depreciation System (“GDS”) of Code section 168(a).2, Under the ADS, all property must use the

Greg Bryant September 20, 2020

§179D

§179D

IRS Announcement 2024-24: Updated Reference Standard 90.1 for § 179D

IRS Announcement 2024-24: Updated Reference Standard 90.1 for § 179D Announcement 2024-24 refers to the upcoming updates that will align

Imran Syed May 20, 2024

cost segregation operating loss paperwork

§179D | §45L

Inflation Reduction Act Tax Savings For Real Estate

Inflation Reduction Act Tax Savings for Real Estate On Tuesday, August 16, 2022, the Senate passed the Amendment of H.R. 5376,

Imran Syed July 21, 2023

45L | 179D

Treasury Releases Green Book

Energy Efficient Commercial Buildings Deduction On Friday, May 28th, 2021, the Treasury Department released the Green Book, also known as the

Imran Syed June 4, 2021

§179D

Energy Efficient Commercial Buildings Deduction

Energy Efficient Commercial Buildings Deduction On December 27, 2020, a $1.4 trillion omnibus spending bill with tax extenders was signed

Imran Syed December 30, 2020

R&D | §179D

New Bill Outlines Covid Relief and Economic Stimulus Provisions

New Bill Outlines Covid Relief and Economic Stimulus Provisions Congress passed the Appropriations bill, which included the latest Covid relief

Deb Roth, CPA December 12, 2020

Treasury Releases Green Book

Energy Efficient Commercial Buildings Deduction On Friday, May 28th, 2021, the Treasury Department released the Green Book, also known as the General Explanations of the Administration’s Fiscal Year 2022 Revenue Proposals. Though the Green Book is not new law, it provides invaluable insight into the administration’s tax priorities for this session

Imran Syed June 4, 2021

Energy Efficient Commercial Buildings Deduction

Energy Efficient Commercial Buildings Deduction On December 27, 2020, a $1.4 trillion omnibus spending bill with tax extenders was signed into law. The tax provisions include a permanent extension of the §179D Energy-Efficient Commercial Buildings Deduction and a one-year extension of the §45L Energy-Efficient Home Credit. Both the provisions would have

Imran Syed December 30, 2020