Technical Wednesday.
Hi, I’m CPA Maximiliano Mira Salas. Today we analyze the “One Big Beautiful Bill,” a new tax law passed by the U.S. Congress on July 4th. This regulation — one of the most comprehensive reforms in recent years — introduces key changes for companies, property owners, freelancers, and professionals with structures in the U.S., directly impacting how income, deductions, and tax obligations are calculated.
At FINANCERS, we’ve selected the most relevant aspects for our clients. Below is a technical summary of the key points and how to act on them.
🏠 Single Family Rentals
100% Bonus Depreciation: Starting January 2025, you can deduct 100% of improvement costs (HVAC, appliances, flooring, landscaping) in the first year.
➡️ Consider a cost segregation study if the property is worth more than USD 250,000.
23% Business Income Deduction (QBI): The active rental deduction increases from 20% to 23%.
➡️ Make sure your activity qualifies as an operating business (management, maintenance, contracts).
Energy Efficiency Credit (§45L): Up to USD 5,000 per unit for newly built or remodeled properties certified as energy-efficient.
➡️ Ideal for full-scale developments or series renovation projects.
Opportunity Zones: This regime becomes permanent and allows capital gains taxes to be deferred or eliminated if reinvested in designated zones.
➡️ Contact us to verify whether your properties qualify or if you plan to sell and reinvest.
📊 C-Corporation Structur
Corporate Tax Rate Increase from 21% to 25%: Affects companies taxed as separate entities.
➡️ Time to review whether your current C-Corp structure remains efficient or a switch is advisable.
15% Minimum Tax on Book Income (GAAP): Applies to companies with book income over USD 10 million, even if their taxable income is lower.
➡️ We analyze the differences between your financial and tax accounting to mitigate the impact.
Depreciation and R&D Expenses: 100% bonus depreciation is reinstated for new assets, and R&D expenses within the U.S. are now fully deductible.
➡️ If you’re investing in technology, systems, or machinery, this is a strategic fiscal window.
Qualified Small Business Stock (QSBS – Section 1202): The capital gains exclusion benefit expands to USD 15 million if held for at least 5 years.
➡️ If you’re planning a startup or raising capital, consider structuring as a C-Corp under this rule.
Higher Business Interest Deduction: Limits on deducting interest from corporate loans are eased.
➡️ If you’re planning to expand or refinance, take advantage of this fiscal benefit.
🔍 What Can You Do Now?
Request a full tax review with our technical team to determine how this reform affects you based on your current structure.
If you rent properties, check whether your operation qualifies as an active business and plan your improvements strategically.
If you operate through a C-Corp, evaluate whether it’s still the most efficient model or whether restructuring makes sense.
If you’re about to build, sell, or develop, consult available tax benefits and how to document them properly.
📌 Legal and Accounting Disclaimer
This communication is for informational purposes only and does not constitute legal or tax advice. Each case should be evaluated individually, taking into account the taxpayer’s country of residence, global assets, and applicable international treaties. Implementation of these reforms must be conducted under the supervision of a CPA specialized in U.S. GAAP and federal/state tax obligations.
At FINANCERS, we support Latin American companies and investors in the U.S. in proactively adapting to the new tax landscape. Our team analyzes how this reform affects your current structure and helps you optimize deductions, adjust accounting records, and make strategic decisions within the current legal framework.
CPA Maximiliano Mira Salas
International Tax Advisor | FINANCERS
