Technical Updates
See the latest changes that can affect your tax liabilities
R&D TAX CREDIT
REVISED IRS PROCEDURAL GUIDANCE
TECHNICAL UPDATE REVISED IRS PROCEDURAL GUIDANCE...
R&E AMORTIZATION UPDATES
TECHNICAL UPDATE R&E AMORTIZATION UPDATES...
CHIEF COUNSEL ADVICE MEMORANDUM 20214101F
TECHNICALUPDATE CHIEF COUNSEL ADVICE MEMORANDUM...
COST SEGREGATION
TREASURY RELEASES GREEN BOOK
On Friday, May 28th, 2021, the Treasury Department released the Green Book, also known as the General Explanations of the Administration’s Fiscal Year 2022 Revenue Proposals. Though the Green Book is not new law, it provides invaluable insight into the administration’s tax priorities for this session of Congress.
ENERGY EFFICIENT COMMERCIAL BUILDINGS DEDUCTION
On December 27, 2020, a $1.4 trillion omnibus spending bill with tax extenders was signed into law. The tax provisions include a permanent extension of the §179D Energy-Efficient Commercial Buildings Deduction and a one-year extension of the §45L Energy-Efficient Home Credit. Both the provisions would have expired at the end of 2020.
NET OPERATING LOSSES VS. PASSIVE ACTIVITY LOSSES FOR COST SEGREGATION
TECHNICALUPDATETECHNICALUPDATENET OPERATING...
179D
INFLATION REDUCTION ACT TAX SAVINGS FOR REAL ESTATE
TECHNICAL UPDATEINFLATION REDUCTION ACT TAX...
