Federal Tax

WOTC in Proposed Legislation

What Is WOTC? The Work Opportunity Tax Credit (WOTC) program is a Federal tax incentive program that can provide a huge tax relief to employers who...

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Construction Tax Planning: A Proactive Methodology to Accelerated Depreciation Planning

A properly designed and implemented Construction Tax Planning analysis will proactively identify additional tax savings related to new and / or planned construction projects. It should...

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Lights, Camera, Action and Tax Cut!

The New York State Film Tax Credit Program Gets Extended Through 2022 By Peter J. Scalise Movie and Television Studios ecstatically praised Governor Andrew M. Cuomo...

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Thought Leader Peter J. Scalise Featured in CPA Magazine

In order to optimize your CPA Firm’s overall efficiency and effectiveness in connection to researching and resolving a tax issue and determining the sustainability of a...

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The IRS Issues New Administrative Authority Governing R&D Tax Credit Claims for Start-Up Companies

On Thursday, March 30th the Department of the Treasury (hereinafter the “Treasury Department”) and Internal Revenue Service (hereinafter the “Service”) issued interim administrative guidance in the...

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The AICPA Requests Administrative Guidance by the Department of Treasury Governing the Enhanced R&D Tax Credit Program

The American Institute of Certified Public Accountants (“AICPA”) has requested of the Department of Treasury and the Internal Revenue Service (hereinafter “Service”) to issue some form...

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The Service Issues New Administrative Authority Governing TPR Compliance

The Internal Revenue Service (hereinafter the “Service”) recently issued IRS Notice 2017-6 in connection to Tangible Property Regulations Compliance (hereinafter “TPR Compliance” or “Regulations”) that extended...

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Federal Tax Advisory R&D Tax Credit Update

The Enhanced R&D Tax Credit Program The Protecting Americans from Tax Hikes Act of 2015 (hereinafter the “PATH Act”) significantly enhanced the R&D Tax Credit Program...

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Attention Internal Use Software R&D Tax Credit Claim Filers- Final Treasury Regulations Issued

On October 3rd of 2016, the Internal Revenue Service (hereinafter “the Service”) issued Final Treasury Regulations setting forth guidance on research and development efforts in connection...

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