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Stay informed with the latest updates in tax consulting. We keep you up-to-date with changes in tax legislation and industry trends.

Resources

Tax News

Stay informed with the latest updates in tax consulting. We keep you up-to-date with changes in tax legislation and industry trends.
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r&d tax credits connecticut

The One Big Beautiful Bill – Initial Takeaways from the House Ways and Means Tax Bill

Initial Takeaways from the House Ways and Means Tax Bill (“The One Big Beautiful Bill”) While this legislation still has a long path to becoming law and is expected to undergo significant revisions to gain the necessary votes in the House, we want to keep you informed of key tax provisions that may directly impact your clients and the services we provide. We are continuing to review the full bill text and will provide a more detailed analysis as updates

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R&D

Georgia State Research Credit Carryforward Period Update

Georgia State Research Credit Carryforward Period Update The state of Georgia has announced a change to the carryforward period for research credits beginning with tax periods after January 1, 2025. This change specifically addresses the duration within which unused research credits can be applied to offset future tax liabilities. Key

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COST SEGREGATION

Cost Seg
Greg Bryant, Cost Segregation Consultant

Proposed Section 1031 Regulations

Proposed Section 1031 Regulations On June 12th, 2020, the Treasury published REG-117589-18 in the Federal Register. These proposed reliance regulations provide guidance

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Net Operating Losses Vs. Passive Activity Losses for Cost Segregation

Net Operating Losses Vs. Passive Activity Losses for Cost Segregation When the CARES Act temporarily revived five-year Net Operating Loss (NOL) carrybacks and eliminated the 20% haircut, there were many articles written on using them in combination with the fixed “retail glitch” for Qualified Improvement Property (QIP). Often overlooked in

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House of Reps Unveiled Three Proposed Tax Bills

House Bills Spur Discussion of Business Tax Extenders On Friday, June 9, 2023, the House of Representatives unveiled three proposed tax bills. We view these bills as an opening offer, unlikely to pass in their present form, but they will inform later Congressional debate. In this summary, we will focus

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§179D

45L | 179D
Source Advisors Brian Coddington

Treasury Releases Green Book

Energy Efficient Commercial Buildings Deduction On Friday, May 28th, 2021, the Treasury Department released the Green Book, also known as the

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IRS Announcement 2024-24: Updated Reference Standard 90.1 for § 179D

IRS Announcement 2024-24: Updated Reference Standard 90.1 for § 179D Announcement 2024-24 refers to the upcoming updates that will align the § 179D tax deduction with ASHRAE 90.1-2022. Energy Efficient Commercial Building Property (as defined under Section 179D of the Internal Revenue Code) placed in service after December 31, 2028,

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Inflation Reduction Act Tax Savings For Real Estate

Inflation Reduction Act Tax Savings for Real Estate On Tuesday, August 16, 2022, the Senate passed the Amendment of H.R. 5376, “The Inflation Reduction Act.” This bill contains many energy-related tax provisions. For many building owners, developers, and designers, the most important provisions are the significant changes to the New Energy

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§45L

45L | 179D
Source Advisors Brian Coddington

Treasury Releases Green Book

Energy Efficient Commercial Buildings Deduction On Friday, May 28th, 2021, the Treasury Department released the Green Book, also known as the

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