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:
Alta Wind case illustrates requirement to use residual method of allocation is broad and may apply in cases where no goodwill is present.
The State of Pennsylvania has established a new R&D tax credit online application submission and processing portal.
IRS has issued Notice 2018-59 providing guidance on beginning of construction for taxpayers claiming the energy investment tax credit.
The U.S. Tax Court recently ruled in favor of a taxpayer claiming bonus depreciation and solar energy credits on purchased equipment.
Illinois extends sunset of the Economic Development for a Growing Economy and Angel Investment tax credits for an additional five years.