Remove Construction Remove tax return Remove tax services
article thumbnail

Strategic Tax Planning Under The OBBBA: Special Depreciation Allowance for Qualified Production Property

Withum

Construction commences after January 19, 2025 , and before January 1, 2029. It is placed in service before January 1, 2031. Similar to constructed property, the property must be placed in service before January 1, 2031. The original use of the property begins with the taxpayer. or any position.

article thumbnail

Congress Passes One Big Beautiful Bill – President to Sign on July 4

Withum

This would provide that an amended return be filed for 2022, and 2023. If a 2024 tax return has already been filed, then an amendment would be required. Alternative Fuel Vehicle Refueling Property Credit No credit is allowed for property placed in service after June 30, 2026.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Year-End Tax Strategies for Businesses

Withum

in the 2024 taxable year in immediate deductions to encourage the construction of energy-efficient buildings. Although the deadline for completing reporting and payment obligations related to the excise tax was delayed, the IRS issued final regulations on June 28, 2024, providing guidance on how to report and pay the 1% tax.

Tax
article thumbnail

Top Remote Tax and Accounting Candidates of the Week | June 5, 2025

Going Concern

TAX & ACCOUNTING CANDIDATES FTE Tax and Accounting / Senior | Candidate ID #18173947 Certifications: CPA Education: BBA Finance Experience (years): 5 years accounting and tax experience Work experience (detail): All in public accounting 6 tax seasons experience, 3 working remotely Prepared complex returns for HNWIs, partnerships, S and C Corps (..)

article thumbnail

Tech news: Taxfyle rolls out AI tool for small tax pros

Accounting Today

Taxfyle rolls out TXF Intelligence for smaller practitioners Tax solutions provider Taxfyle announced the release of its new TXF Intelligence product, a generative AI tool built to automate and streamline tax return preparation for small tax and accounting firms in the U.S. By Michael Cohn June 18 Like what you see?

article thumbnail

Top Remote Accountants of the Week | October 24, 2024

Going Concern

TAX AND ACCOUNTING CANDIDATES FTE Tax and Accounting | Candidate ID #22557459 Certifications: EA, Intuit Tax Academy Education: MBA Accounting, JD Experience (years): 6 years of overall experience Work experience (detail): Tax senior with a national tax service International tax experience National client tax practice Adept at tax research Client niches: (..)

article thumbnail

Top Remote Accountants of the Week | October 31, 2024

Going Concern

TAX AND ACCOUNTING CANDIDATES FTE Tax and Accounting | Candidate ID #22591376 Certifications: CPA Education: BBA Accounting Experience (years): 5+ years accounting experience Work experience (detail): All in public accounting Tax planning and client advisory Experience reviewing tax returns Client relationship management experience Client niches: SMBs, (..)