What’s New With Specialty Taxes in 2023?
Taxes in 2023 are going to look a bit different than they have in the past. In addition to newly passed tax law updates, a number of pandemic-era provisions will gradually sunset in the years
Category: 179D Energy Tax Deduction
Top 3 reasons to include an energy evaluation with your cost segregation study
Are you considering having a cost segregation study conducted for one or more of your properties? If you’re already planning on pursuing cost segregation as a tax-saving strategy, adding an energy evaluation is likely to
IRS Prevailing Wage and Apprenticeship Guidance Issued for 2023-2032
Article Sections Overview Impacted Programs Prevailing Wage Guidance Apprenticeship Guidance Recordkeeping Requirements Beginning of Construction Guidance Fast Facts Conclusion Resources Overview Introduced in the Inflation Reduction Act (IRA) of 2022, prevailing wage and apprenticeship
The Inflation Reduction Act: Extending and Expanding Energy-Efficient Building Incentives 179D and 45L
On August 7, 2022, The Inflation Reduction Act (IRA) passed the Senate, and it is expected to pass the House quickly and be signed by President Biden next week. It embodies parts of the former
A Message for Earth Day: How Energy Efficient Tax Credits Work to Save the Environment
Because Earth Day is Friday, April 22 this year, our concern for the environment is pretty much uppermost in our minds. We here at Engineered Tax Services have two energy efficient solutions that can help
Leverage U.S. Tax Incentives to Maximize Energy and Cost Efficiency
International Journal of Energy Management Volume 4 | Issue 1 | 2022 Learn more about how to “Leverage U.S. Tax Incentives to Maximize Energy and Cost Efficiency” by Cindy Blumenfeld. Grab a copy of the
Mobilize Upcoming Tax Changes to Boost Your Cash Flow: Use Cost Segregation, 179D Tax Incentives & Options to Defer Taxes
Make U.S. tax law work for you. Self-storage operators can benefit significantly from using cost segregation because of the unique types of construction and exterior improvements found on a storage site. Although taxes are supposed
Comprehensive Overview: 2020 Tax Extenders Signed Into Law
Much of the nation’s attention has been focused on the second COVID-19 stimulus bill approved by Congress at the end of the year. However, the relief bill was combined with an omnibus budget bill that
Why Business Tax Credits Play a Pivotal Role in 2021 Tax Planning
Unprecedented. Uncertain. Disruptive. After a year of pandemic shutdowns and subsequent economic turmoil, these words have been used repeatedly to describe a tumultuous 2020. They can also be used to describe the 2020 election—the results
Deadline Alert: Don’t Miss Out on Valuable Energy Tax Incentives for Residential Property
The passage of legislation in late 2019 made two energy tax incentives for noncommercial property retroactive to 2016 and extended the deadline to claim them to December 31, 2020. Section 45L Energy Efficient Tax Credit