Topics: Tax Credits & Incentives
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The One Big Beautiful Bill Act: Reshaping U.S. Energy Project Development
The One Big Beautiful Bill Act: Reshaping U.S. Energy Project Development The passage of the One Big Beautiful Bill Act (OBBBA) marks a pivotal…
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Tax Talk – Changes To The Opportunity Zones Under New Law
Changes To The Opportunity Zones Under New Law The following boxes outlines the key differences between the Opportunity Zones under the TCJA and…
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Tax Talk – Section 1202
Section 1202 of the Internal Revenue Code provides for a tax incentive for individuals who invest in and sell stock of a qualified small…
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Opportunity Zones in 2025 and Beyond
Opportunity Zones were introduced in the Tax Cuts and Jobs Act of 2017, aiming to encourage economic investment in distressed areas. Opportunity Zones allowed…
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Beware: Clean Energy Tax Credit Scams
There has been an increase in scams targeting clean energy tax credits. Scammers exploit individuals and businesses seeking to benefit from these credits, often…
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The IRS Resumes Processing Employee Retention Credits
The IRS has ended its moratorium on processing ERC claims. The IRS announced on August 8, 2024, that it will begin processing claims…
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Alternative Fuel Vehicle Refueling Tax Credit
If you purchase an electric vehicle (EV) charging equipment for your home, you may be eligible for a tax credit. This is a nonrefundable…
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IRS Issues New Guidance on Electric Vehicle Tax Credits
IRS Issues New Guidance on Electric Vehicle Tax Credits The Internal Revenue Service (IRS) recently issued final regulations (T.D. 9995) concerning clean vehicle credits.…
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After the Hollywood Strike: Production Accounting Impact
2023 saw the longest strike for SAG-AFTRA (Screen Actors Guild – American Federation of Television and Radio Artists), beginning July 14 and ending November…
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Local Income Tax
Have you been working from home since the pandemic officially arrived in March 2020? Do you live in a non-taxing city or village? Maybe…