The R&D Credit is Here to Stay — Act Now to Maximize Tax Savings!

Thanks to the Protecting Americans from Tax Hikes (PATH) Act, the Research and Development (R&D) Credit is now a permanent part of the tax code and is available to a broader group of business taxpayers than it had been in the past.  Signed into law on December 18, 2015, the PATH Act ended the previous […]

Clarification on the Standards for §179D

The recently enacted Protecting Americans from Tax Hikes (PATH) Act extended the §179D deduction for energy-efficient commercial buildings through the end of 2016 and retroactively renewed it for projects completed during 2015.  Section 179D provides a deduction of up to $1.80 per square foot when energy efficiency measures are implemented in new or existing commercial […]

How to Apply §179D Under the New PATH Act

Following the renewal of the §179D deduction as part of the Protecting Americans from Tax Hikes (PATH) Act, which was signed into law on December 18, 2015, tax professionals were anticipating guidance from the IRS regarding the specific stipulations of the deduction under the new law.  However, citing budget constraints, the IRS has stated that […]

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