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More return on your investments
Every business needs to invest to grow. Federal, state and local tax jurisdictions offer incentives to stimulate certain investments or encourage those types of investments in their communities. RSM has helped clients across the country identify and realize a broad range of investment incentive opportunities and has the proven experience and tested methodologies to help your company explore a broad range of tax planning opportunities.
Key investment credit and incentive opportunities include:
Fiscal year pass-through owners may claim DPAD on 2018 return despite repeal for fiscal years beginning after 2017.
Companies may be able to realize additional tax savings through state tax credits and other incentive programs.
The proposed regulations address many concerns around qualified opportunity zones but questions remain to be addressed in further guidance.
The IRS released proposed regulations and a Revenue Ruling providing guidance on the newly created Qualified Opportunity Zones.
In two recent private rulings, a taxpayer who mistakenly failed to file Form 7004 and 1120 was allowed 120 days to make late elections.