Tag: Tax Savings

infrastructure building tax incentives

Maximizing Tax Savings for Infrastructure Projects 

Infrastructure development powers our economy and shapes our communities. From roads and bridges to ports and utilities, these projects connect people while fueling progress and prosperity. However, their scale and impact come at a cost, especially for companies taking on major infrastructure projects.  Luckily, federal and state governments offer an array of tax incentives to

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IRS Notice 2017-6 Creates Window of Opportunity to Unlock Tax Savings for Some Taxpayers

The IRS issued Notice 2017-6 to extend the time to make certain changes to comply with the tangible property regulations. This includes making accounting method changes for repair and maintenance expenses, depreciation, and certain property dispositions. This extension may present a significant opportunity to unlock tax savings for taxpayers who previously made accounting method changes

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SAVINGS UNDER THE TANGIBLE PROPERTY REPAIR REGULATIONS

The Final Tangible Property Repair Regulations are here to stay and provide significant benefits to taxpayers. Under these “TPR’s,” taxpayers must account for their annual expenses relating to: Materials & Supplies Repairs & Maintenance Routine Maintenance Improvements to Tangible property Depreciable Assets The Final Repair Regulations affect your day-to-day accounting processes which is why it

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