Blogs & Articles

Changing your accounting method can unlock massive tax savings, but only if you file Form 3115 correctly. This IRS form lets you switch from your current depreciation method to reflect the results of a later cost segregation, potentially saving you tens of thousands—or even hundreds of thousands—of dollars on your taxes. Here's exactly how to do it right. What Exactly Is Form 3115 and Why Does It Matter? Form 3115 is the IRS's "Application for Change in Accounting Method." Think of it as your official request to change how you depreciate business assets, especially when you want to implement cost segregation studies on your previously acquired properties. Here's why this matters: When you originally filed your taxes, you probably depreciated your entire building over 27.5 years (residential) or 39 years (commercial). But with cost segregation, you can reclassify portions of that building into 5, 7, and 15-year property categories, dramatically accelerating your depreciation. The numbers speak for themselves. A cost segregation study on a $13.5 million retail shopping center purchased in 2021 generated $1,168,876 in tax savings in the first year alone. That's the power of properly executed accounting method changes.

Ready to maximize your tax savings? Contact our team to discuss how these changes affect your specific situation and develop a strategy to take full advantage of these opportunities.

In this episode of SoCal Multifamily Insights, tax strategy expert Geraldine breaks down one of the most underused tools in real estate: cost segregation

The Senate's tax proposal, released June 16, creates significant differences from the House's One Big Beautiful Bill Act... read more.

The community solar sector is experiencing remarkable growth, with installations in the U.S. growing by 3% in 2023, adding over 1,100 MWdc of new capacity (SEIA). As this market expands, maximizing investment value requires strategic financial structuring. Read More.

The carbon credit and tax incentive worlds often operate separately, but integrating these powerful tools can supercharge your clean energy projects. Read more

The 2025 tax landscape presents significant challenges for businesses investing in equipment or conducting R&D. With bonus depreciation dropping to 40% and R&D expenses subject to multi-year amortization, proactive tax planning is more critical than ever.

Discover how real estate investors use cost segregation to reduce taxes and boost cash flow. Learn from expert Geraldine Serrano of Specialty Tax Group.

On March 10, 2025, Representatives Ron Estes (R-KS) and John Larson (D-CT) introduced H.R. 1990, the American Innovation and R&D Competitiveness Act of 2025, to reinstate the immediate deductibility of research and experimental (R&E) expenses. Read Full blog here.