Insights
Tax insights, strategies and technical explanations
May 9, 2020Historical
CARES Act Provides Unique Opportunities for the R&D Tax CreditNOL rules frequently change and are oftentimes not favorable to a taxpayer.
Read article Cost SegregationMarch 30, 2020HistoricalAdditional Tax Benefits for Real Estate Investors under the Coronavirus Aid, Relief, and Economic Security (CARES) Act
As part of a $2 trillion dollar relief package, two provisions of the Coronavirus Aid, Relief, and Economic Security (CARES) Act benefit many real estate owners.
Read article Cost SegregationJanuary 31, 2020HistoricalAn Unfortunate Article, Clarifying Misconceptions in the Cost Segregation Industry
The primary mission of American Society of Cost Segregation Professionals (ASCSP) is to create quality standards for the cost segregation industry. As part of this role, it identifies and clarifies misconceptions.
Read article 179DDecember 20, 2019HistoricalEXTENDED: 179D Energy Efficient Commercial Building Deduction and 45L Energy Efficient Home Credit
The passing of the Taxpayer Certainty and Disaster Tax Relief Act of 2019 extended the §179D Energy Efficient Commercial Building Deduction and the §45L Energy Efficient Home Credit through the end of 2020.
Read article Firm NewsDecember 17, 2019HistoricalAre Your Company’s Products Used in Canada, or Anywhere Else Outside of the U.S.? Get Ready for a Lower Tax Bill!
the “IC-DISC” (Interest Charge Domestic International Sales Corporation) export incentive leads to drastically lower federal tax rates for the owners of privately held companies that make and/or sell products that are at…
Read article 179DDecember 17, 2019Historical
House Reaches Deal to Renew the Expired Tax Incentives Known as the Tax Extenders, Includes 179D and 45LLawmakers negotiating a year end budget bill reached agreement on December 16 to include tax extenders.
Read article 179DNovember 12, 2019HistoricalThe Fate of the §179D Energy Efficient Commercial Building Deduction and the §45L Energy Efficient Home Credit
More than five dozen groups from a diverse group of industries signed a letter calling upon our congressional leaders to address numerous temporary tax provisions, which includes the 179D and 45L energy efficiency…
Read article Accounting MethodsNovember 11, 2019HistoricalIRS Publishes Updated List of Automatic Accounting Method Changes in Rev. Proc. 2019-43
The IRS recently published Rev. Proc. 2019-43, which is an updated list of automatic accounting method changes.
Read article R&D Tax CreditsSeptember 10, 2019Historical
The R&D Tax Credit for the Construction Industry – Cementing a Favorable Tax IncentiveThe R&D tax credit has generated over $12 billion dollars annually for companies engaging in research activities.
Read article Firm NewsAugust 23, 2019Historical
Alex Bagne, Steve Ruda Presented on Often Missed Tax Strategies, followed by Erin Brockovich at BE WORTH IT ConferenceAlex Bagne and Steve Ruda exhibited as well as presented on Often Missed and Underutilized Tax Strategies at the BE WORTH IT conference in Omaha, Nebraska.
Read article Cost SegregationAugust 2, 2019HistoricalWhy Qualified Opportunity Funds Should Consider Cost Segregation
The interplay between Qualified Opportunity Funds and Cost Segregation.
Read article 179DJune 18, 2019Historical“Taxpayer Certainty and Disaster Tax Relief Act of 2019” Seeks to Extend 179D Energy Efficient Commercial Building Deduction and 45L Energy Efficient Home Credit through December 31, 2020
Some promising news for responsible building owners, home builders, and those who design energy efficient public buildings...the "Taxpayer Certainty and Disaster Tax Relief Act of 2019" seeks to extend the §179D Energy…
Read article R&D Tax CreditsJune 12, 2019HistoricalThe R&D Tax Credit for Manufacturers – Don’t Scrap the Benefit!
The R&D Tax Credit for Manufacturers - Don't Scrap the Benefit!
Read article 179DMay 16, 2019Historical
Senate Finance Committee Established Task Forces to Consider Tax Extenders, which Include the 179D and 45L Energy Efficiency IncentivesSenate Finance Committee Established Task Forces to Consider Tax Extenders, which Include the 179D and 45L Energy Efficiency Incentives
Read article Cost SegregationApril 16, 2019HistoricalThe Interplay of Cost Segregation with the Historic Tax Credit
The Interplay of Cost Segregation with the Historic Tax Credit
Read article 179DFebruary 28, 2019HistoricalProposed Legislation Titled “Tax Extender and Disaster Relief Act of 2019” Seeks to Extend §179D and §45L Energy Efficiency Tax Incentives through December 31, 2019
Proposed Legislation Titled "Retirement, Savings, and Other Tax Relief Act of 2018" Seeks to Extend §179D and §45L Energy Efficiency Tax Incentives
Read article 179DFebruary 1, 2019HistoricalNew Tax Court Case: Taxpayer Failed to Meet Definition of “Designer” under §179D Energy Efficient Commercial Building Deduction Allocation Rule
New Tax Court Case: Taxpayer Failed to Meet Definition of “Designer” under §179D Energy Efficient Commercial Building Deduction Allocation Rule
Read article R&D Tax CreditsJanuary 29, 2019HistoricalNew Tax Court Case Confirms Burden is on Taxpayer to Substantiate Base Period for the IRC §41 Research Credit
New Tax Court Case Confirms Burden is on Taxpayer to Substantiate Base Period for the IRC §41 Research Credit
Read article 179DDecember 17, 2018HistoricalNew IRS Chief Counsel Memo Provides Clarification as to Eligible “Designer” for §179D Energy Efficient Commercial Building Deduction on Public Projects
New IRS Chief Counsel Memo Provides Clarification as to Eligible "Designer" for §179D Energy Efficient Commercial Building Deduction on Public Projects
Read article Cost SegregationDecember 6, 2018Historical
Alex Bagne Represents the ASCSP at the 2018 AICPA Real Estate and Construction ConferenceAlex Bagne Represents the ASCSP at the 2018 AICPA Real Estate and Construction Conference
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