Cost segregation is an engineering-based analysis that identifies and reclassifies certain building components into shorter tax recovery periods.
Category: Taxes
IRS Notice CP53: What It Means and What to Do Next
If you’ve recently received an IRS Notice CP53, you’re not alone, and you’re right to pause before taking action. At Froehling Anderson, we’re seeing an increase in questions from individuals and business owners regarding this notice.
Tax Credits You Might Be Missing This Filing Season
As a business owner, tax season can feel like a whirlwind of deadlines, forms, and financial decisions. But it’s also one of the most valuable opportunities to uncover meaningful tax savings, especially if you know which credits to look for.
Deadline Tips & Forms: What to Double Check Before You File
Avoid IRS notices, missed refunds, and stress with these final checks.
Understanding PFICs & Form 8621
What You Need to Know About the Trump Accounts
As you may be aware, recent tax law changes have introduced a new savings vehicle for children called a Trump account.
Minnesota’s Paid Family & Medical Leave: What’s Taxable, What’s Changed, and What You Need to Know
Minnesota’s Paid Family and Medical Leave program is right around the corner, and as with most new programs, the tax treatment is evolving. As we head into 2026, updated IRS guidance has clarified how the PFML benefits will be taxed and reported for the short term.
