Are you getting the most out of your Section 199 domestic manufacturing deduction? Section 199 provides a permanent tax benefit based on a taxpayer’s income from a wide range of domestic production activities. What many taxpayers don’t realize is that these activities extend well beyond the scope of traditional manufacturing and include certain contract production, oil and gas production, software development, film production, and construction and engineering activities.
Do you own or plan to build or remodel 50,000 or more square feet of real estate? Are you looking for additional tax deductions? If so, you could likely benefit from energy efficiency deductions available under Section 179D. Here are some common questions …
The 2018-2019 Pocket Tax Guide provides a quick view of tax updates, current rates and new tax law summaries for business, estate, general and individuals. It has been designed to be compact and folded into a pocket sized pamphlet.
When a business engages in a restructure, merger, sale or acquisition of another business, proper planning is vital to obtaining the necessary information to fulfill various tax reporting requirements for the transaction.
Relief provisions are in play for organizations and individuals alike in response to the COVID-19 pandemic. But there is still a lot of confusion around what exactly these relief provisions mean and what type of relief organizations should apply for.
Among the many tax provisions included in the Coronavirus Aid, Relief and Economic Security Act (CARES), crafted to provide liquidity for businesses suffering the effects of the COVID-19 outbreak, is one that postpones the employer portion of certain …
IRS changes course on requiring returns for rebates. IRS challenges in getting $ to non-filers. Navigating the tax credit and forgivable loan maze. All 50 states have deferred deadlines, but some more that others.