As you move from the 2022 filing season into 2023 tax planning, it’s important to understand how energy deductions and credits have changed under the Inflation Reduction Act. This year brings major changes to 179D, 45L, and other energy credits and incentives. Join Dave McGuire as he discusses these changes as well as the regulations.
Read Dave McGuire’s blog where he discusses the consequences of the 163(j) change that could affect bonus depreciation for certain taxpayers. Under 163(j), a taxpayer is limited in the amount of business interest they can deduct.
On Thursday, December 22nd the Senate passed the Omnibus budget bill and the House is expected to pick it up quickly. One section glaringly missing from this large piece of legislation is tax extenders. With the extenders not passing it is important to review what this means for taxpayers.
On Thursday, December 22nd the Senate passed the Omnibus budget bill and the House is expected to pick it up quickly. One section glaringly missing from this large piece of legislation is tax extenders. With the extenders not passing it is important to review what this means for taxpayers.
Dave McGuire gives an overview of the prevailing wage requirements.
On November 29th, the IRS released Notice 2022-61 providing detailed guidance on the prevailing wage and apprenticeship requirements under the Inflation Reduction Act of 2022 (IRA). Under the IRA certain credits and deductions are increased if prevailing wage requirements are met.
Craig Fouts talks about his role within our Fixed Asset Services practice and what our Cost Segregation consultants do day to day to serve our clients.
In his latest piece in Accounting Today, Dave McGuire discusses the changes resulting from the Inflation Reduction Act of 2022, including those affecting the 179D and 45L.
In his latest piece in Accounting Today, Dave McGuire discusses how businesses and professionals who plan for a recession will not only be able to weather these changes but also may be in a position to capitalize on opportunities as they present themselves.
In this webinar, Dave McGuire discusses how taxpayers can utilize depreciation and other timing issues to prepare for recessionary pressures.
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As you move from the 2022 filing season into 2023 tax planning, it’s important to understand how energy deductions and credits have changed under the Inflation Reduction Act. This year brings major changes to 179D, 45L, and other energy credits and incentives. Join Dave McGuire in this webinar as he discusses these changes as well as the regulations.