Author Archives: Peter J. Scalise

IRS, Internal Revenue Service, R&D Tax

The IRS Issues New Administrative Authority Governing the Tax Treatment of Depreciation and Expensing Rules

On December 21st of 2018, the Internal Revenue Service (hereinafter the “Service”) issued new administrative guidance in the form of Rev. Proc. 2019-08 governing expense deductions and depreciation measures in connection to real property as enacted by the 2017 Tax Cuts and Jobs Act, Pub. L. No. 115-97, (hereinafter the “TCJA”’). It should be duly

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Trump Tax Reform, Tax Reform

A Practical Guide to the 2017 Trump Tax Reform Plan

On September 27th, President Trump and Republican leaders in Congress announced a new conceptual framework for tax reform which they optimistically hope to get enacted into law on or before December 31st of 2017. The proposed conceptual framework broadly describes significant tax law changes affecting both individuals and businesses alike ranging from lower tax rates

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Construction Tax Planning, Cost Segregation

Construction Tax Planning: A Proactive Methodology to Accelerated Depreciation Planning

A properly designed and implemented Construction Tax Planning analysis will proactively identify additional tax savings related to new and / or planned construction projects. It should be duly noted that a Construction Tax Planning analysis should not be confused with a Cost Segregation analysis as there are several notable differences between a Cost Segregation analysis

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Peter J. Scalise, Alzheimer's Association, Walk to end Alzheimers, Alzheimer's, walk to end, alzheimer's association, walk to end alzheimer's,

Please Join Peter J. Scalise at the Alzheimer’s Association Walk to End Alzheimer’s

Please join Peter J. Scalise, the Federal Tax Credits & Incentives Practice Leader of PM Business Advisors and the Chairman of The Alzheimer’s Association Walk to End Alzheimer’s work to raise awareness and funds for Alzheimer’s care, support and research. About Alzheimer’s Association Walk to End Alzheimer’s Held annually in more than 600 communities nationwide, the Alzheimer’s Association Walk to End Alzheimer’s is

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R&D Tax Credit Program, CPA Magazine

Thought Leader Peter J. Scalise Featured in CPA Magazine

In order to optimize your CPA Firm’s overall efficiency and effectiveness in connection to researching and resolving a tax issue and determining the sustainability of a tax return filing position per Circular 230, the appropriate tax research processes must be meticulously designed, implemented, and executed. The subsequent five practical steps will guide you in establishing

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IRS, Internal Revenue Service, R&D Tax

The Service Issues New Administrative Authority Governing R&D Tax Credit Claims for Start-Up Companies

On Thursday, March 30th the Department of the Treasury (hereinafter the “Treasury Department”) and Internal Revenue Service (hereinafter the “Service”) issued interim administrative guidance in the form of IRS Notice 2017-23 clarifying how eligible start-up companies (i.e., those companies with less than $ 5 million in gross receipts and earning revenue for less than 5

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Tax Connections

A Practical Guide to Perfecting Your Tax Research Techniques and Achieving Sustainable Tax Return Filing Positions

In order to optimize your CPA Firm’s overall efficiency, effectiveness, and productivity in connection to researching and resolving a tax issue and determining the sustainability of a tax return filing position per Circular 230, the appropriate tax research processes must be meticulously designed, implemented, and executed. The subsequent five practical steps will guide you in

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