Uncertain state of specialty taxes after Manchin said no
With Senator Joe Manchin’s Dec. 19 announcement that he “can’t get there … this is a no,” it appears the Build Back Better bill is at least temporarily stalled. Where does that leave us with specialty tax areas such as research tax credits, cost segregation and energy incentives?
In Accounting Today, Dave McGuire reviews the uncertain state of specialty taxes across the research tax credit, cost segregation, and energy provisions. Read the article.
To hear more on this topic, join our webinar on Thursday, January 13th at 11AM ET. Dave McGuire will dive deeper into the current status of these provisions and the thinking behind them to provide insight to potential future tax bills. Register here.
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David McGuire is a leading expert on cost segregation, fixed assets and depreciation law and a co-founder of McGuire Sponsel. McGuire continues to grow McGuire Sponsel’s national presence in cost segregation and depreciation.
He is the primary resource for alliance firms in regards to how tax law affects depreciation. His knowledge in determining asset costs and classifications has held up against IRS scrutiny and has built the firm into a trusted industry resource.