Lacey Robb Tag

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NOL rules frequently change and are oftentimes not favorable to a taxpayer. Prior to the CARES Act, the TCJA would not allow NOLs to be carried back and only 80% of NOL carryforwards would be allowed to offset taxable income effective for tax years commencing January 1, 2018....

While many tax breaks have been reduced or expired, Research and Development (R&D) tax credit has been in existence for over 30 years and recently made permanent. The R&D tax credit has generated over $12 billion dollars annually for companies engaging in research activities. While most Fortune 500 firms claim it, many in the construction industry erroneously believe they do not qualify. In fact, only about ten percent of eligible businesses actually take the R&D tax credit....

ICS Tax, LLC will be at Groundbreak in Austin, Texas from March 29-31. Stop by kiosk #8 and visit with ICS Tax team members. Our own Lacey Robb and Alex Bagne will be presenting on tax planning strategies within the construction industry....