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Please Explain How To Quantitatively Compute Start-up Companies "Fixed Base Percentages" In Connection To The R&D Tax Credit.
User Photo Peter J. Scalise
Tax Professional Level: Master Tax Advisor

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 expenditures...   Read More
Has The Research And Experimentation Tax Credit Been Retroactively Renewed And Made A Permanent Provision Within The Code Yet?
User Photo Peter J. Scalise
Tax Professional Level: Master Tax Advisor

No, however, back on September 22nd, The House of Representatives passed, by a vote of 253 to 173, HR 4 entitled “The Jobs for America Act of 2014” (hereinafter “JAA”) , which would simplify and make...   Read More
Can The Research & Experimentation Tax Credit Be Applied Against Payroll Taxes?
User Photo Peter J. Scalise
Tax Professional Level: Master Tax Advisor

Currently, the 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 to allow this...   Read More
When Is Rev. Proc. 2014-61 Set To Be Published Within The IRB?
User Photo Peter J. Scalise
Tax Professional Level: Master Tax Advisor

The Internal Revenue Service released on October 31st new administrative authority for calendar year 2015 within Revenue Procedure 2014-61 that makes adjustments to more than 40 tax provisions, including the tax...   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 Provide A Synopsis Of 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 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 Someone Please Provide An Overview Of The Scope Of A Construction Tax Planning Engagement?
User Photo Peter J. Scalise
Tax Professional Level: Master Tax Advisor

Construction Tax Planning Engagement utilizes a proactive "Pre-Design Phase" approach to identifying additional tax benefits related to new and planned construction projects whether in connection to constructing a...   Read More
What Are The Primary Differences Between A Cost Segregation Engagement And A Construction Tax Planning Engagement?
User Photo Peter J. Scalise
Tax Professional Level: Master Tax Advisor

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 and...   Read More
Can A 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

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