de minimis safe harbor, IRS

The Service Issues New Administrative Authority Governing TPR De Minimis Safe Harbor Limits for Small Businesses

On November 24th of 2015, the Internal Revenue Service (hereinafter “the Service”) streamlined the compliance for the Tangible Property Regulations (hereinafter “TPR”) for small businesses by increasing the safe harbor threshold for deducting certain capital items from $ 500 to $ 2,500 under IRS Notice 2015-82. The scope affects businesses that do not maintain an

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Energy Tax

Optimizing Energy Tax Incentives to Properly Tax Effect Building Owners Expenditures for Renovations

Whether a commercial building owner is undergoing new construction or remodeling, energy tax incentives should certainly be utilized to essentially tax effect the commercial building owner’s expenditures for undergoing the energy efficient renovation project. As enacted in The Energy Policy Act of 2005 (hereinafter “EPA”), the I.R.C. §179D Energy Tax Deduction for building envelope efficiency

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RTC , March 31st Deadline, Research Tax

A Practical Guide to Identifying, Gathering, and Documenting a Sustainable Research Tax Credit Claim

The Research and Experimentation Tax Credit program (hereinafter “RTC”) was added to the Internal Revenue Code (hereinafter “the Code”) in 1981 as a temporary provision of the Code at a time when research and development type jobs were significantly declining throughout the United States as a direct result of these jobs being outsourced to other

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