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Has The President Signed The Tax Extenders Bill Into Law Yet?
User Photo Peter J. Scalise
Tax Professional Level: Master Tax Advisor

Yes, on Friday, December 19th, President Obama signed the tax extenders legislation into law that retroactively extends for one year the bulk of the temporary tax incentives that expired on December 31, 2013. The...   Read More
What Are The Primary Congressional Tax Extenders Affecting The Real Estate Industry?
User Photo Peter J. Scalise
Tax Professional Level: Master Tax Advisor

On Tuesday, December 16th the U.S. Senate passed H.R. 5771 by a 76 to 16 vote reviving dozens of previously expired tax breaks for calendar year 2014 only.The bill is now awaiting President Obama’s signature in...   Read More
What Is The Latest Status Of The Tax Extenders Package On Capitol Hill?
User Photo Peter J. Scalise
Tax Professional Level: Master Tax Advisor

On December 3, 2014, the House of Representatives made the latest move in this year’s epic congressional tax extenders showdown with the Senate, passing a bill entitled the “Tax Increase Prevention Act of 2014...   Read More
What Are Some Of The Primary Energy Tax Incentives That Still Need To Be Reinstated As Part Of The Tax Extenders Legislation On The Hill?
User Photo Peter J. Scalise
Tax Professional Level: Master Tax Advisor

The energy tax incentives that previously expired on December 31, 2013 and are part of the overall tax extenders package include, but are not limited to: • Tax Credit for the Construction of New Energy...   Read More
Please Provide A Synopsis Of The Pivotal Trinity Industries Judicial Interpretation Involving The R&D Tax Credit.
User Photo Peter J. Scalise
Tax Professional Level: Master Tax Advisor

Trinity Industries, Inc. v. United States was certainly 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
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

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