Round 2 for 48C Opens SOON!

Round 2 for 48C Opens SOON!

The Qualifying Advanced Energy Project Credit (48C) Program By Barry Devine Round 2 for the 48C has been announced!! “The DOE section 48C portal will open no later than May 28, 2024, for taxpayers to submit a concept paper and begin the process of seeking a section...
IRS Office of Appeals Offers New ADR Solutions

IRS Office of Appeals Offers New ADR Solutions

By Natalie Grumhaus For the last few years, anyone can tell you how miserable and unnecessarily lengthy IRS audits can be. Even the IRS has acknowledged this and, in an effort to streamline processes and enhance the taxpayer experience, it is pioneering a new...
Michigan Research & Development Update

Michigan Research & Development Update

As of April 2024 By Natalie Grumhaus   Despite the chilly weather of Second Winter currently enveloping Michigan, hope “springs” eternal for businesses with R&D costs in the state. On Tuesday, March 19, 2024, the Michigan Senate approved three of the five...
Section 179D in 2024

Section 179D in 2024

by Natalie Grumhaus   While tax credits and deductions typically don’t provide much benefit to nonprofits, if any at all, recent changes to the Inflation Reduction Act (2022) that were passed in 2023 now provide incentives to qualifying nonprofit organizations....