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The Tax Break Commercial Real Estate Investors Might Need After COVID-19

Withum

However, the resulting forgiveness of a portion of the debt does not automatically result in federal taxable income. Taxable income is closely linked to when a taxpayer receives economic benefit. This allows each partner to weigh their unique individual income tax circumstances and come to their own conclusion.

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Will the IRS Deny Your Claim for the Employee Retention Tax Credit?

Withum

Did the taxpayer include the correct qualifying wages for small eligible employers (all wages paid during the relevant period) and for large eligible employers (only wages paid not to provide services during the relevant period)? Business Tax Services. Contact Us. Contact Us. appeared first on Withum.

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Business Tax Credits to Lower Your Tax Bill

xendoo

Minimizing your company’s tax burden can help maximize profits. One way of doing this is through business tax credits. Leveraging the right tax credits can save your business thousands of dollars in taxes each year. How do you know which tax credits will save you the most money?

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Congress Fails To Pass Key Tax Extenders, Now What?

Withum

The inability of Congress to include key tax extenders in the Consolidated Appropriations Act of 2023, signed into law on December 29, 2022, will increase the federal income tax bill for the majority of U.S. businesses. Learn more regarding different steps to prepare for R&E capitalization.

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