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Can the r&d tax credit be used to offset the alternative minimum tax?

R&D Payroll Tax Credit

The Research and Development payroll tax credit, also known as the R&D payroll tax credit is a tax incentive designed for qualified businesses to offset their payroll tax. It is designed for new companies that perform research and technology development activities to be able to apply up to $250,000 of research credit against payroll tax liability.

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Qualified Leasehold Improvements

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.

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Life Cycle of Real Estate

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.

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TCJA Changes that Could Impact R&D

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.

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RD Energy for Real Estate

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.

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Energy Incentives and Beyond

Energy Incentives and Beyond

Governments typically incentivize private industry to produce research and development (R&D) as a strategic tool to advance their economies. Initially temporary, the federal R&D tax credit became the United States’ primary means for rewarding businesses for investment in research. The PATH Act of 2015 permanently extended the R&D tax credit and expanded its provisions.

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How has the r&d tax credit expanded over the years?

How has the r&d tax credit expanded over the years?

Governments typically incentivize private industry to produce research and development (R&D) as a strategic tool to advance their economies. Initially temporary, the federal R&D tax credit became the United States’ primary means for rewarding businesses for investment in research. The PATH Act of 2015 permanently extended the R&D tax credit and expanded its provisions.

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How cost segregation affects recapture

How cost segregation affects recapture

Cost segregation is a highly beneficial and widely accepted tax compliance strategy utilized by commercial real estate owners and tenants to accelerate depreciation deductions, defer tax, and improve cash flow. Once used only by big-4 type accounting firms and the nation’s largest real estate owners, this practice has now become routine for commercial property owners of almost every size.

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HOW 2022 EQUALS LIFO OPPORTUNITIES

HOW 2022 EQUALS LIFO OPPORTUNITIES

With inflation on the rise, now is the time to look at Last-In-First-Out (LIFO) accounting if you have inventories of building supplies, lumber or hardware. Whether you are already on LIFO or not, analyzing the IPIC LIFO method for 2021 could be a great opportunity. IPIC LIFO uses indexes published by the Bureau of Labor Statics to measure inflation on your inventory.

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Cost Segregation and Estate Planning

Cost Segregation and Estate Planning

Cost segregation is a highly beneficial and widely accepted tax compliance strategy utilized by commercial real estate owners and tenants to accelerate depreciation deductions, defer tax, and improve cash flow. Once used only by big-4 type accounting firms and the nation’s largest real estate owners, this practice has now become routine for commercial property owners of almost every size.

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R&D & Energy for Real Estate Tax Accounting Methods

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.

By Brian Coddington, Max Vignola, Imran Syed | 15 Nov

New Small Firm Cost Seg Opportunities

Cost segregation is a highly beneficial and widely accepted tax compliance strategy utilized by commercial real estate owners and tenants to accelerate depreciation deductions, defer tax and improve cash flow.

By Brian Coddington | 12 April

Can the R&D Tax Credit Be Used to Offset the AMT?

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.

By Alex Pak | 7 April

How the R&D Tax Credit Has Expanded Over the Years

Governments typically incentivize private industry to produce research and development (R&D) as a strategic tool to advance their economies.

By Deb Roth | 8 April

The Nine-Point Plan for Handling §179D

Section §179D can help your commercial real estate clients reduce taxable income and increase cash flow significantly.

By Source Advisors | 24 March

Reconciliation bill likely to have a tax impact on energy-efficient buildings

It’s no secret that climate change is a top priority for the current administration. As part of the hotly debated tax and spending legislation moving through Congress

By Source Advisors | 28 October

How Integrators Can Take Advantage of Incentives and Tax Savings

Integrators who have experienced a dip in business during the pandemic may be able to take advantage of a few lesser known tax credits and income tax deductions.

By Source Advisors | 11 August

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