State R&D Tax Credits: The Double Benefit

Taxpayers have become more aware of the benefits offered through federal research and development (R&D) tax credits. The tax incentive is now meant to stimulate innovation and design in industries

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QIP Fix in CARES Act Provides a Boost for Property Owners

The CARES Act economic stimulus package approved by Congress includes a tremendous opportunity for property owners to take 100% bonus depreciation for qualified improvement property (QIP) retroactively. Specifically, property owners

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Cost Segregation Benefits for Residential Rental Properties

Many people think of cost segregation as a tax tool that can benefit commercial property owners. However, a cost segregation study can identify opportunities for faster tax depreciation for owners

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The Path Forward – Planning and Action Items Via The CARE Act

Written by Kreig Mitchell, Attorney at Law The Covid-19 situation has impacted just about every individual and business in the U.S. The Federal government has implemented a number of stimulus

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A Big R&D Tax Credit Win for Architects in the U.S. Tax Court

Confusion and gray area have surrounded the research and development (R&D) tax credit (technically called Research and Experimentation tax credit IRS Code Section 41) for years. Both CPAs and business

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Cost Segregation Benefits for Multifamily Property Owners

If you own or invest in multifamily properties such as rental units, you are focused on increasing the property’s value over time. One of the most effective ways to accomplish

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Internally Developed Software Tax Treatment: Claiming the R&D Tax Credit for Internal Use Software

The Research and Development (R&D) Tax Credit is a permanent federal tax incentive intended to stimulate innovation, technical design and manufacturing within the U.S. Many taxpayers associate these valuable tax

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How CPA Firms Can Benefit By Teaming With a Cost Segregation Services Expert

Over the years, cost segregation has steadily grown to become one of the most valuable tax-savings tools. CPA firms recognize the value in cost segregation studies because they know a

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AIA Webinar to Address Tax Credit Changes, Highlight New Opportunities

As an architect or engineer, are you certain you are taking advantage of cost-reduction opportunities available to you under federal tax regulations? For example, under the Tax Extender bill approved

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Start-Up Companies Should Take Advantage of the R&D Tax Credit this Tax Season

If you are an entrepreneur with a new business that is developing products to bring to market, the federal Research and Development (R&D) tax credit can benefit you. Historically, the R&D

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