The Internal Revenue Service (“IRS”) recently granted employers a means to avoid interest and penalties on inappropriately taken Employee Retention Tax Credit (“ERC”) claims. This surely will come as a relief to taxpayers who...more
11/7/2023
/ Business Taxes ,
Eligibility ,
Employee Retention ,
Employer Liability Issues ,
Enforcement ,
Fraud ,
Income Taxes ,
IRS ,
Tax Audits ,
Tax Credits ,
Tax Preparers ,
Tax Reform ,
Tax Relief ,
Tax Returns
Real estate developers have long had ample reasons to take on projects involving historic buildings, courtesy of Section 47 of the Internal Revenue Code of 1986. As amended, Section 47 (the “Code”) provides for a...more
9/5/2023
/ Eligibility ,
Historic Preservation ,
Historical Landmarks ,
Historical Rehabilitation ,
HTC ,
Internal Revenue Code (IRC) ,
Investment ,
Investors ,
IRS ,
Land Developers ,
Private Equity ,
Real Estate Development ,
Real Estate Market ,
State and Local Government ,
State Taxes ,
Tax Credits
The Internal Revenue Service (“IRS”) has recently devoted great attention to detecting, investigating, and prosecuting fraud, particularly as it relates to the Employee Retention Tax Credit (“ERC”) post-COVID. On a webinar...more
8/8/2023
/ Business Tax Credits ,
Business Taxes ,
CARES Act ,
Coronavirus/COVID-19 ,
Criminal Investigations ,
Employee Retention ,
Employer Liability Issues ,
Enforcement Actions ,
Fraud and Abuse ,
Internal Revenue Code (IRC) ,
Investigations ,
IRS ,
Payroll Taxes ,
Popular ,
Relief Measures ,
Tax Credits ,
Tax Fraud ,
Tax Relief ,
Tax Returns ,
Tax Scams ,
Wages
On August 16, 2022, President Biden signed the Inflation Reduction Act of 2022 (“IRA” or the “Act”) into law. The IRA, which contains several energy-related tax credits and extends and modifies some existing credits in the...more
10/5/2022
/ Apprenticeships ,
Biden Administration ,
Energy Tax Incentives ,
Exceptions ,
Inflation Reduction Act (IRA) ,
Investment ,
Investment Tax Credits ,
Investors ,
Prevailing Wages ,
Renewable Energy ,
Renewable Energy Incentives ,
Solar Energy ,
Tax Credits