January 24, 2023
Energy Efficient Home Tax Credit FAQs The IRS recently updated its FAQs regarding the Energy Efficient Home Improvement (EEHI) Tax Credit. As amended by the Inflation Reduction Act, the EEHI Credit amount increases to 30% of a taxpayer’s cost for… Read more »
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Clean Vehicle Tax Credit List Expands, Didn't File a Tax Return? The IRS May File for You, Energy Efficient Home Improvement (EEHI), Energy Efficient Home Improvement (EEHI) Tax Credit, Federal Tax News for Individuals, IRS Award, joint federal tax returns, Spouses who file joint federal tax returns, tax credit, Tax for Individuals, Two Innocent Spouse Relief Outcomes in Court, Updated IRS FAQ, Whistleblower Award, Whistleblower Qualifies for IRS Award
August 31, 2022
Congress has passed the Inflation Reduction Act (IRA) and President Biden signed it into law on August 16. The $740 billion law contains many tax breaks and raises revenue through a new minimum tax on large, profitable corporations and an excise… Read more »
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15% Corporate Alternative Minimum Tax, Clean Vehicle Tax Credit, Commercial Vehicles, Congress has passed the Inflation Reduction Act (IRA), Corporate Stock Repurchases, Energy and Health Care, Energy Improvements, Excise Tax on Corporate Stock Repurchases, Increase in Qualified Small Business Payroll Tax Credit for Research, Inflation Reduction Act, IRA, Payroll Tax Credit, Previously Owned and Commercial Vehicles, Previously Owned Vehicles, Provisions Related to Climate, Provisions Related to Energy, Provisions Related to Health Care, Residential Energy Improvements, Small Business Payroll Tax Credit for Research, tax credit, The Wide-Ranging Inflation Reduction Act Is Signed Into Law, Vehicle Tax Credit
January 10, 2022
The credit for increasing research activities, commonly referred to as the research and development (R&D) credit, is one of the biggest and best tax breaks available to manufacturing companies. Unlike a deduction, a credit is a dollar-for-dollar reduction of a business’s… Read more »
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common misconceptions, how to qualify, manufacturers, manufacturing, R&D, tax credit