by Bruce Warner | Dec 18, 2021 | Blog
Congress has wrapped its 2021 session and will not resume again until January when the next Congressional session opens. This means no BBB Act (Build Back Better Act) which included a number of energy efficient tax incentives including a 10 year extension of the 45L...
by Bruce Warner | Dec 5, 2021 | Blog
There are number of tax provisions and extensions in the new Build Back Better (BBB) Act, including a 10 year extension of the 45L energy efficient home tax credit through 2031. This bill awaits a Senate vote likely to be scheduled in December. There are some key...
by admin | Apr 7, 2021 | Blog
The Internal Revenue Service has announced that they are delaying the April 15th filing deadline to May 17th for all individual 2020 tax returns. In a statement, IRS Commissioner Chuck Rettig indicated the decision was made in recognition of the fact that most of the...
by admin | Feb 12, 2021 | Blog
In a recent Tax Court case, Tangel v. Commissioner, T.C. Memo. 2021-1 (Jan 2021), the Tax Court concluded that the taxpayer who claimed the R&D tax credit did not retain substantial rights and thus the R&D work was ‘funded’ and the R&D tax...
by admin | Dec 31, 2020 | Blog
After a bit of drama over the COVID bill, the President did sign the legislation which included tax extenders on December 27, 2020 and this provides for a one year extension of 45L energy tax credits through 12/31/2021. The energy efficient home tax credit would have...
by admin | Dec 22, 2020 | Blog
The President is expected to sign the massive relief bill on Tuesday December 22, 2020 which (as part of the over 5,000 pages) includes tax extenders, notably the Section 45L Energy Efficient Home tax credit and the Section 179D energy efficient tax deduction for...
