The Inflation Reduction Act creates minimum corporate tax and pushes for renewable energy investments by businesses. Read more here.
Construction and Real Estate
The Investor’s Dilemma: Industrial or Multifamily?
The global events of the past two years have profoundly impacted real estate, from disrupting office real estate to the rise of secondary markets. In terms of sectors that have seen positive growth, industrial and multifamily have emerged as clear frontrunners.
Construction Ahead: Opportunities, Challenges In 2022
The Infrastructure Investment and Jobs Act (IIJA) will inject about $3 trillion into upgrading and expanding U.S. infrastructure, presenting a long horizon of opportunity for the construction industry. Investors, project owners, and other stakeholders should be aware of the industry’s obstacles and the steps it takes to address them.
Is Your Construction Company Prepared for the New Lease Accounting Standards?
Most construction companies have heard of the new lease accounting standards, but many have not planned or prepared for the new standard’s impact on their company. While many industries have faced challenges in implementing the new standard, some significant impacts are specific to construction contractors.
4 Tips for Working With a Resource-Constrained IRS
Federal tax professionals working to resolve issues with the IRS can attest to the multifaceted impacts of the agency’s resource constraints on taxpayer service. The following are some suggested best practices for dealing with the IRS in the current environment.
Debt Refinancing Transactions: Tax Issues and Opportunities
Debt is an important component of any company’s capital structure since it creates leverage to fund growth without raising capital for every expansion. Although interest rates continue to be historically low, concerns about their potential rise have caused many companies to consider refinancing existing indebtedness to “lock-in” current rates.
What to Do If You’re the Subject of a Sales Tax Audit (and Steps to Avoid One)
If your business is undergoing a sales tax audit or is worried about dealing with one in the future, here are tips to navigate, prepare for, and avoid a sales tax audit.
IRS Increases Mileage Rates Reimbursements for Second Half of 2022
The Internal Revenue Service will raise the optional standard mileage rate for the final six months of 2022 to help offset the rise in gas prices nationwide.
Haven’t Considered the Employee Retention Credit? It’s Not Too Late
One of the biggest struggles businesses face today is finding qualified people to hire while keeping the people they have. That’s why the government came up with some creative ways in 2020 and 2021 to deal with this growing issue, including the Employee Retention Credit (ERC).
Bottom-Dollar Guarantees May be on the Way Out, but Liability Basis is Alive and Well
A partner’s tax basis in a partnership determines, among other tax consequences, the number of partnership losses the partner may deduct, and the number of partnership distributions the partner may receive without triggering taxable gain.
A partner’s tax basis includes not only the amount of the partner’s investment, a partner’s tax basis also includes the partner’s share of the partnership liabilities.