Transitional Relief for Car Loan Interest Reporting

The IRS and Treasury Department are giving lenders extra time to meet new car loan reporting requirements. Notice 2025-57, released October 21, creates a one-year transition period under the One Big Beautiful Bill Act (OBBBA). The new law lets individuals deduct interest paid on qualifying car loans starting in 2025. To support that deduction, lenders must report how much interest they receive from borrowers each year.

100% Bonus Depreciation Returns

In Summary The One Big Beautiful Bill (OBBBA) permanently restores 100% bonus depreciation for qualifying business property placed in service on or after January 19, 2025, allowing businesses to deduct the full cost of eligible assets in the year they are put into service. The restored 100% bonus depreciation applies to both new and used […]

Colorado Residents to Get Automatic Refunds

Many Denver business owners and families will be happy to learn that sometime later this year residents will receive a state dividend payment.

Intangible Drilling Costs for Independent Oil and Gas Producers

Colorado is an energy-rich state featuring traditional fossil fuels and renewable energy.

Propel Tax Savings Through a Cost Segregation Study

Despite the transition back to “business as usual”, there are tax-saving methods that are still available – especially for real estate companies through a cost segregation study.