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Can The U.S. Federal-Level Research Tax Credit Be Applied Against Payroll Taxes Similarly In Other Countries Around The Globe?
User Photo Peter J. Scalise
Tax Professional Level: Master Tax Advisor

Currently, the U.S. Federal-Level Research and Experimentation Tax Credit cannot be applied against federal payroll taxes. However, there is current legislation on Capitol Hill that could change the current statute...   Read More
Can Someone Please Discuss The Differences Between A Cost Segregation Engagement And A Construction Tax Planning Engagement?
User Photo Peter J. Scalise
Tax Professional Level: Master Tax Advisor

Yes, there are many noteworthy differences between a Cost Segregation Engagement and a Construction Tax Planning Engagement. A Cost Segregation Engagement will methodically review property, plant and equipment...   Read More
Can A Real Estate Investment Trust (“REIT”) Benefit From A Cost Segregation Engagement?
User Photo Peter J. Scalise
Tax Professional Level: Master Tax Advisor

Yes, a Real Estate Investment Trust (hereinafter "REIT") can potentially benefit from a cost segregation engagement. I would wholeheartedly recommend scoping the cost segregation opportunities on a property by...   Read More
Is Anyone Familiar With Multi-state Movie Production Tax Incentives? Are The Tax Incentives Transferable Or Refundable?
User Photo Peter J. Scalise
Tax Professional Level: Master Tax Advisor

Movie Production Incentives (hereinafter “MPIs”) are tax benefits offered on a state-by-state basis throughout the United States to entice, as applicable, in-state film production and post-production activities....   Read More
Can Someone Please Provide A Legislative Update From The Hill Regarding The Film Incentive Reform Act Of 2014?
User Photo Peter J. Scalise
Tax Professional Level: Master Tax Advisor

Rep. Collin Peterson, D-Minn., has introduced new legislation that if passed into law would amend I.R.C. § 181 to disqualify certain movie and television producers from receiving tax incentives from the federal...   Read More
Can Someone Please Explain How To Quantitatively Compute Start-up Companies "Fixed Base Percentages" In Connection To The Federal-...
User Photo Peter J. Scalise
Tax Professional Level: Master Tax Advisor

Yes, for a start-up company, I.R.C. § 41(c)(3)(B) establishes a fixed-base percentage calculation for companies that incorporated after December 31, 1983, or had fewer than 3 years with qualified research...   Read More
Does The United States Have A Tax Incentive Program For Movie Production?
User Photo Peter J. Scalise
Tax Professional Level: Master Tax Advisor

Yes, the United States has a highly advantageous tax incentives program for movie production. Movie Production Incentives (hereinafter “MPIs”) are tax benefits offered on a state-by-state basis throughout the...   Read More
I Would Greatly Appreciate If Someone Could Differentiate Between A Cost Segregation Engagement And A Construction Tax Planning Engagement....
User Photo Peter J. Scalise
Tax Professional Level: Master Tax Advisor

Yes, there are several noteworthy differences between a Cost Segregation Engagement and a Construction Tax Planning Engagement. A Cost Segregation Engagement will methodically review property, plant and equipment...   Read More
Does The United States Have A Tax Incentive Program For Renovating Older And Historic Buildings? Are Their Additional Tax Incentives...
User Photo Peter J. Scalise
Tax Professional Level: Master Tax Advisor

Yes, The United States has a Historic Preservation Tax Incentives Program with tax incentives available at both the federal-level and multi-state levels. The Historic Preservation Tax Incentives Program, jointly...   Read More
Did The Service Recently Release Final Regulations Relating To The Requirements For Filing Certain Employee Retirement Benefit Plan...
User Photo Peter J. Scalise
Tax Professional Level: Master Tax Advisor

Yes, the Department of Treasury has recently released Final Treasury Regulations in connection to the requirements for filing certain employee retirement benefit plan statements, returns and reports on magnetic...   Read More

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