Tax Credits Blog

45L Energy Credits in new House Bill – July 2020

In the first week of July 2020, The House of Representatives continued to advance the Moving Forward Act (H.R. 2) – the $1.5 trillion infrastructure proposal led by House Democrats. New programs created by H.R. 2 include a major extension …

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Populous Contracts are Not Funded R&D for R&D Tax Credit

In a December 2019 motion, the taxpayer Populous Holdings, an architectural design firm, won the motion allowing them to claim the R&D tax credit on its contracts with clients. Populous claimed the R&D tax credit for architectural work it does …

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45L Energy Efficient Home Tax Credit Renewed for 2018-2020 years

An update on the tax extenders 2019 and the energy credits – the President signed into law an extension of the 45L energy efficient home tax credit last Friday. The energy tax credit is available retroactive for homes or apartments …

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45L Energy Efficient Home Tax Credit Passes House – Tax Extenders Bill Update

The House passed a bill today to address expired tax extenders including the Energy Efficient Home Tax Credit under Section 45L and including the 179D energy deduction for commercial construction. The bill is expected to pass the Senate and move …

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Status of 45L Energy Efficient Home Tax Credit – November 2019

Many of our clients have been asking about an update on whether Congress will re-new the Section 45L energy efficient home tax credit which allows developers to claim a $2,000 per door tax credit for homes or apartment complexes meeting …

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45L Energy Tax Credit 2017 Extension – may be tied to Continuing Resolution

If history is any guide, often tax extenders bills, like the Dec 21, 2017 Tax Extenders Act of 2017, may be tied to must-pass legislation. The next key date is January 19, 2018 when Congress must act on either a …

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45L Energy Credit – part of 2017 Tax Extenders Bill December 2017

Right after passage of the huge tax overhaul bill, Congress under Senator Orrin Hatch, introduced a tax extenders bill on December 21, called the Tax Extender Act of 2017, which would ‘renew’ a number of renewable energy credits and incentives, …

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R&D Tax Credit / R&D Expenses – Changes in New Tax Bill December 2017

The R&D tax credit was preserved in the final tax bill, known as the Tax Cuts and Jobs Act, thus retaining this important tax credit for businesses to continue to incentivize retaining R&D and tech jobs in the U.S. The …

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AMT Alternative Minimum Tax could impair R&D tax credit in Senate Bill

Although the R&D tax credit has been retained in the 2017 tax bills (both versions), in Conference Committee, the Congress will have to work out what to do with AMT. The House bill repealed the corporate AMT (Alternative Minimum Tax …

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Use the R&D Credit to Offset your Payroll Tax – New Webinar available online !

Clients who already filed their 2016 tax returns can now take advantage of a ONE TIME opportunity from IRS – file an amended 2016 tax return before 12/31/17 and you can still claim the R&D credit towards your payroll tax …

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