An Overview of Clean Energy Tax Legislation in the Inflation Reduction Act
The Inflation Reduction Act created new and expanded tax incentives across clean energy sectors, including clean fuels, energy manufacturing, and more.
View ArticleAn Inflation Reduction Act Overview for Tax-Exempt Organizations, Governments
Explore opportunities in the IRA ranging from payment in lieu of tax credits, credits, and funding as well as which tax-exempt organizations may qualify.
View ArticleFederally Chartered Credit Union Update for Excess Compensation Tax
Federal instrumentalities aren’t subject to IRC Section 4960 excise tax as an applicable tax-exempt organization (ATEO).
View ArticleProposition 30 Could Increase Top California Tax Bracket to 15.05% in 2023
If passed, California’s Proposition 30 will increase top income tax rate to 15.05% for income above $2 million. Learn details.
View ArticleUnclaimed Property: California Legislature Passes Voluntary Compliance Program
An amendment to California’s Unclaimed Property Law would waive interest payable for certain taxpayers. Learn details.
View ArticleAct Now to Make the Most Out of Bonus Depreciation
If your business plans to purchase bonus depreciation qualifying property, act before the end of 2022 to realize a valuable tax break.
View ArticleIRS Penalty Relief for Some 2019–2020 Returns Filed Late Due to COVID-19
The IRS released Notice 2022-36, which provides failure-to-file penalty relief for certain returns filed late for years 2019 and 2020.
View ArticleInflation Reduction Act Expands Valuable R&D Payroll Tax Credit
The Inflation Reduction Act more than doubled the amount of qualifying small businesses can claim as R&D tax credits.
View ArticleAn Overview of Clean Energy Tax Legislation in the Inflation Reduction Act
The Inflation Reduction Act created new and expanded tax incentives across clean energy sectors, including clean fuels, energy manufacturing, and more.
View ArticleAn Overview of Clean Energy Tax Legislation in the Inflation Reduction Act
The Inflation Reduction Act created new and expanded tax incentives across clean energy sectors, including clean fuels, energy manufacturing, and more.
View ArticleInflation Reduction Act Expands Section 179D Energy-Efficient Tax Incentives
The Inflation Reduction Act of 2022 expanded IRC Section 179D energy-efficient commercial building deductions. Learn what changed.
View ArticleInflation Reduction Act Expands Section 179D Energy-Efficient Tax Incentives
The Inflation Reduction Act of 2022 expanded IRC Section 179D energy-efficient commercial building deductions. Learn what changed.
View ArticleTreasury Awarded $5 Billion in New Markets Tax Credit Authority
Learn how New Markets Tax Credit (NMTC) financing awards could help your organization reach its goals and improve the community.
View ArticleColorado Provides Tax Year 2022 Pass-Through Entity Tax Election Form
The Colorado Department of Revenue released a new tax form that facilitates pass-through entity (PTE) tax elections for 2022.
View ArticleCalifornia Offers $1.3 Billion in Health Care Worker Retention Bonuses
California is offering $1.3 billion in health care worker retention bonuses as a result of Senate Bill 184, expected to be issued in January 2023.
View ArticleWashington Supreme Court Stays Ruling Against State Capital Gains Tax
The Washington Supreme Court stayed a lower court ruling on the state Capital Gains Tax (CGT), leaving the filing and payment deadline unchanged. Learn more.
View ArticleIRS Issues Guidance for Companies that Incur R&E Expenses
The IRS issued guidance for companies that incur research and experimental (R&E) expenses under Section 174 on December 12, 2022. Learn more.
View ArticleIRS Issues Guidance on Prevailing Wage and Apprenticeship Requirements
The IRS published Notice 2022-61 with initial guidance around the prevailing wage and apprenticeship requirement for tax credits and incentives.
View ArticleCongress Doesn’t Pass Legislation to Delay or Repeal Capitalization of R&E...
Congress failed to pass legislation that would repeal or delay mandatory capitalization of Internal Revenue Code (IRC) Section 174 costs.
View ArticleNew Realty Transfer Taxes Passed for the Cities of Los Angeles and Santa Monica
The cities of Los Angeles and Santa Monica both passed a new realty transfer tax on transfers of residential and commercial real property. Learn more.
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