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Do Most States Within The United States Of America Offer Film / Movie / Television Production Tax Incentives?
User Photo Peter J. Scalise
Tax Professional Level: Master Tax Advisor

While not all states offer Movie Production Incentives (hereinafter "MPI's"), many states currently do offer advantageous tax incentives to film within their respective states. It should be duly noted that MPI's...   Read More
Has The IRS Disseminated The New Tax Rates For 2015 Yet?
User Photo Peter J. Scalise
Tax Professional Level: Master Tax Advisor

Yes, the Internal Revenue Service released today new administrative authority for calendar year 2015 within Revenue Procedure 2014-61 that makes adjustments to more than 40 tax provisions, including the tax rate...   Read More
Can Someone Please Provide A Synopsis Of The Recent Trinity Industries Judicial Interpretation Involving The Research Tax Credit?
User Photo Peter J. Scalise
Tax Professional Level: Master Tax Advisor

Yes, Trinity Industries, Inc. v. United States was a pivotal judicial interpretation most recently heard by the Fifth Circuit Court in July of 2014 with a myriad of issues under deliberation including, but...   Read More
Can Someone Please Provide A Synopsis Of The United States Historic Preservation Tax Incentives Program?
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
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

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