Unlocking $800k Through 3 Specialty Tax Strategies
Midwest-based industrial equipment and component manufacturer operates out of a 100,000 sq foot facility and has an annual revenue of $25M. Despite steady growth, leadership noticed that increasing operational costs were hindering innovation.
As 2026 unfolds, tax preparers and their clients are facing more than just routine filing deadlines. This year represents a convergence of expiring incentives, evolving IRS guidance, and statute-driven planning windows, which create significant planning opportunities. Many of these opportunities are time-sensitive, meaning that you must take advantage of them or the benefit will be lost.
On March 18, the IRS issued Revenue Procedure 2026-17. This guidance allows taxpayers to withdraw certain elections that were previously treated as irrevocable.
The relief applies to taxpayers who elected to be: a real property trade or business, an electing farming business, or an excepted regulated utility trade or business. Eligible taxpayers may amend their 2022, 2023, and 2024 tax returns to revoke these elections.
When thinking of cost segregation studies, most investors think of its main benefit of accelerating depreciation deductions to reduce tax liability. While that’s the widely known use for cost segregation, there’s another benefit that often gets missed: Partial Asset Dispositions (PAD).
PAD is a powerful tool in fixed asset tax planning. When used right, it can create large deductions and even create permanent tax savings.
As we enter 2026, the U.S. tax landscape is undergoing meaningful transformation. From major tax law changes to evolving compliance expectations, businesses that stay ahead of trends can unlock tax-efficient strategies while avoiding pitfalls. Here’s what we expect to drive 2026 tax planning.
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