Qualified Leasehold Improvements
Qualified Leasehold Improvement Property (QLIP) were most improvements to a building’s interior made under a lease. This includes interior improvements such as HVAC, fire protection systems, alarm systems, and security systems. It only applies to commercial buildings, such as retail or factory buildings. Tangible personal property identified in a cost segregation study was not QLIP. Improvements made the first three years a building was in service were not QLIP.
Offsetting §174 R&E Software Development Tax Liability with R&D Tax Credits
Changes stemming from the 2017 Tax Cuts & Jobs Act (TCJA) have made the R&D credit even more valuable. One of the changes to the tax code from TCJA was the requirement to amortize all research expenses for tax years starting on or after January 1, 2022.
Life Cycle of Real Estate
Changes stemming from the 2017 Tax Cuts & Jobs Act (TCJA) have made the R&D credit even more valuable. One of the changes to the tax code from TCJA was the requirement to amortize all research expenses for tax years starting on or after January 1, 2022.
TCJA Changes that Could Impact R&D
Changes stemming from the 2017 Tax Cuts & Jobs Act (TCJA) have made the R&D credit even more valuable. One of the changes to the tax code from TCJA was the requirement to amortize all research expenses for tax years starting on or after January 1, 2022.
RD Energy for Real Estate
Construction and real estate firms often ask us: “How do we qualify for the R&D tax credit?” Our boilerplate answer is
to review the 4-part test below to ensure you have a qualification marker that covers the activities you are performing to
create or improve your products or processes.
REVISED IRS PROCEDURAL GUIDANCE
the Service released an advance copy of Rev. Proc. 2023-8, which provides procedural guidance for taxpayers to adopt accounting methods for specified research or experimental expenditures under Code section 174 as modified by the Tax Cuts & Jobs Act, Pub. Law No. 115-97.
R&E AMORTIZATION UPDATES
TECHNICAL UPDATE R&E AMORTIZATION UPDATES December 08, 2022 by Brian Coddington, Director of Tax Accounting Methods In 2017, Congress passed the Tax Cuts & Jobs Act (TCJA)[1]. As part of the act, Congress enacted revenue-raising provisions that affected...
INFLATION REDUCTION ACT TAX SAVINGS FOR REAL ESTATE
TECHNICAL UPDATEINFLATION REDUCTION ACT TAX SAVINGS FOR REAL ESTATEAugust 16, 2022 by Brian Coddington and Imran SyedOn Tuesday, August 16, 2022, the Senate passed the Amendment of H.R. 5376, “The Inflation Reduction Act.” This bill contains many energy-related tax...
Qualifying Expenditures for the Tax Credit
The Protecting Americans from Tax Hikes (PATH) Act of 2015 includes provisions that allow certain taxpayers to offset their AMT liability with the R&D tax credit for taxable years beginning on or after Jan 1, 2016.
HOW TO QUALIFY YOUR R&D TAX CREDIT PROVIDER
The Protecting Americans from Tax Hikes (PATH) Act of 2015 includes provisions that allow certain taxpayers to offset their AMT liability with the R&D tax credit for taxable years beginning on or after Jan 1, 2016.
