Tax Resources
Exclusive: Alan Greenspan Article - Inflation is the big threat to a sustained recovery
LIFO
• Inventory Tax Planning
• Background and current LIFO status
• Must LIFO Go to Make Way for IFRS? - By: Michael J. R. Hoffman, DBA, EA
Karen S. McKenzie, Ph.D., CPA, CGFM
• Geithner Defends Budget and Tax Policies
• Blue Dogs LIFO Repeal - Budget Chairman Spratt
• FEI criticizes Obama’s LIFO repeal proposal
• Jewelers of America Opposes LIFO Repeal
• LIFO Letter To Congress
• NAM claims LIFO repeal would be “double hit on companies”
• CFOs on IFRS: Forget about It
• Independent Jewelers Fight for Their LIFO 612009 JCKJewelers ...
President Barack Obama's proposed budget includes a section repealing the last in, first out (LIFO) accounting method that gives many jewelers a tax break, ...
• Erroneous LIFO Methodology Article: Journal of Accountancy (Tom Sehman, CPA, PricewaterhouseCoopers LLP, Minneapolis)
R&D Tax Credit
• Finance Senators Propose Improvements To R&D Tax Credit
• Bipartisan Senate Group Unveils R&D Tax Credit Overhaul
• Small Businesses Want R&D Tax Credit Extended
• Senators Introduce Legislation to Improve and Simplify the R&D Tax Credit
• Report Calls for Extension of R&D Tax Credit
• R&D Tax Credit Studies
• IRS: R&D Tax Credit Audit Techniques Guide
• Computation of the research credit under Section 41 of the IRS Code
• Include qualified research expenses paid or incurred by a corporation?
• Taxpayer-incurred R&D expenditures in connection with a trade or business
• Qualified research - activities after the beginning of commercial production
• Guidance on reduced credit for increasing research activities
• Tier I Issue Research & Experimentation (R&E) Credit Claims Directive #1
• Credit For Increasing Research Activities: Filind Address and Requirements for Certain Claims for Credit or Refund
• Tier 1 Research Credit Claims Quick Reference Guide
• Tier I Research Credit Claims Issue Directive #2
Cost Segregation
• Cost Segregation Studies
• IRS Cost Segregation Audit Techniques Guide
• Journal Of Accountancy: “Cost Segregation Applied”
• Journal Of Accountancy: “"The Best of Both Worlds" Using Cost Seg for 1031 Exchanges”
• IRS Discussion of Changes in Methods of Accounting
• IRS Sample List of Relevant Cases on Proper Depreciation of Assets
• IRS instructions for completing Form 3115 for Changes in Methods of Accounting to correct depreciation from prior years
• IRS Directive for Cost Segregation analyses of Hotels & Casinos
• IRS Directive for Cost Segregation analyses of Restaurants
• IRS Directive for Cost Segregation of Biotech & Pharmaceutical Facilities
• IRS Directive for Cost Segregation of Retail Properties
Commercial Building Tax Deduction
• Commercial Building Tax Deduction
• IRS Notice 2006-52 (6/2/2006): provides guidance on deduction for energy efficient commercial buildings
• IRS Notice 2008-40 (4/7/2008) - Amplification of Notice 2006-52
• Qualified Software for Calculating Commercial Building Tax Deductions: a list of qualified computer software for calculating commercial building energy and power cost savings that meet federal tax incentive requirements
• DSIRE: comprehensive database of information on state, local, utility, and federal incentives that promote renewable energy and energy efficiency
• Commercial Building Tax Deduction Coalition
• Commercial Lighting Tax Deduction
• American Council for an Energy-Efficient Economy: State Energy Efficiency Policy Database
• The Tax Incentives Assistance Project (TIAP): designed to give consumers and businesses information they need to make use of the federal income tax incentives for energy efficient products and technologies passed by Congress as part of the Energy Policy Act of 2005 and subsequently amended several times
• U.S. Department of Energy State Energy Tax Incentives
• American Council for an Energy-Efficient Economy: Legislative Update on Federal Energy Efficiency Tax Incentives
• The U.S. Green Building Council
• Commercial Green Building Certification (LEED)
• U.S. Green Building Council: Local Government Programs
• U.S. Green Building Council: LEED Initiatives in Government and Schools
• DOE’s High Performance Buildings Web Site: features projects with reliable energy performance data and exemplary energy performance
• The Federal Energy Management Program: showcasing federal projects
• The Cascadia Chapter of the U.S. Green Building Council: displaying projects located in British Columbia, Washington, and Oregon
• Efficiency Vermont: showcasing energy efficient and high performance buildings located in Vermont
• (FAQs) On Interim Lighting Guidelines