The Black Box for Deciphering 2022 R&D Tax Credit Claims
Taxpayers claiming Federal-level R&D tax credit claims have always found it to be a very onerous and arduous task ever since the inception of this incentive into the...
Cost Segregation for your Rental Property: Demystifying Tax Benefits for Residential Rentals
Residential real estate probably is not the first property type to come to mind when discussing cost segregation. In fact, there are many misconceptions that exist...
R&D Tax Credits for the Food Sciences and Bio-Flavoring Industry
The food sciences and bio-flavoring industry continues to invest on a large scale every year to develop healthier food choices that contain:
- No Trans Fat;
- No MSG;
- ...
Use the R&D Credit to Offset Payroll Taxes – Even if you Aren’t Yet Profitable
The R&D credit program was permanently extended as part of the Protecting Americans from Tax Hikes Act of 2015. It contains many significant enhancements starting in...
The CHIPS Act Ushers in Next-Level Manufacturing Tax Credits
On August 9th, President Biden signed into law the CHIPS Act of 2022 offering billions of dollars in grants and a generous income tax credit to jump-start semiconductor...
Federal Tax Alert: The IRS Updates Transition Period for the R&D Tax Credit
On Friday, September 30th, the IRS announced that the transition period during which taxpayers are provided 45 days to cure a R&D tax credit claim for refund under Sec....
Discussing Cost Segregation with your CPA
Cost segregation is a powerful tax strategy used by commercial and residential rental property owners to help free up cash flow and mitigate tax liability. It involves...
Cost Segregation for the Cannabis Industry: Keep More of Your Money in Your Pocket
Cannabis conjures up an array of emotions in many people. It has become a very hot topic in the recent past, drawing passion from both sides. With many states...
The Inflation Reduction Act of 2022 becomes Law with Sweeping Changes affecting Specialty Tax Incentives
On August 16th, the Inflation Reduction Act of 2022 (the “Act”) was signed into law by President Biden. This sweeping Act contains over 300 pages, yet still represents...
The IRS Issues New Administrative Authority Governing the I.R.C. § 179D deduction for Building Envelope Efficiency
On May 26th of 2022, the Internal Revenue Service’s (the “Service” or the “Service’s”) Large Business and International Practice Unit (“LB&I”) released new...
A. Chris Ostler, CPA
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