Posts by BRAYN Consulting, LLC

CARES Act Revises NOL Rules and Opens Door For Unclaimed R&D Tax Credits

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) provides companies and individuals with a host of tax saving opportunities. We previously discussed the benefits that the qualified improvement property (QIP) fix provides for any taxpayers who have incurred renovation costs since 2018. This article focuses on the impacts to net operating loss (NOL)…

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Stimulus Package Update

The CARES Act was passed into law on March 27, 2020 and we will be providing information on how taxpayers are affected and what actions BRAYN is taking to advocate for our clients. Qualified Improvement Property (QIP) Section 2307 of the CARES Act is a technical amendment regarding Qualified Improvement Property (QIP). This technical amendment…

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Tax Court Finds That Architecture Firm’s Fixed-Price Contracts Qualified For Research Credits

by Geoff Garber, Partner and Justin Stone, Tax Consultant Quick Take Taxpayers claiming the federal research tax credit for work under fixed-price contracts received a significant win from the United States Tax Court (“the Court”). On December 6, 2019, the Court issued an order granting summary judgment to the taxpayer, Populous Holdings, Inc. (“Populous”), finding…

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TAX EXTENDERS UPDATE – November 2019

Tax Extender Updates

Politico reported last week that the House Ways and Means Committee Democrats are likely to unveil a “green energy” incentives package in the coming days, possibly as soon as the week of November 18th. The package could be a discussion draft or a more formal legislative proposal, but either way it is likely to include expired and expiring tax breaks for renewable energy and energy efficiency, such as 179D and 45L.

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Soft Costs: Depreciable or Not?

Application for Licensure

by Eric Rader, EIT, Engineering Associate What soft costs should be included in the depreciable cost basis? This is a very common, and confusing, issue for many property owners. A variety of soft costs can be accrued over the course of constructing a new building, renovating an existing building, or the acquisition of a property.…

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The Five W’s of 179D

Energy Modeling for 179D

The 179D Commercial Buildings Energy Efficiency Tax Deduction is a tax incentive meant to reward designers, contractors, and business and building owners for engaging in energy efficient design practices.

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How an Engineer Can Impact Your R&D Study

When your tax consultant is also an engineer!

By Brady Bryan, JD, CEO and Robert Henry Wallace III, EIT, Engineering Associate For those who are unaware of the R&D Tax Credit, you have come to the right place. For those who know about the credit, you have also ventured to the right place. The Credit for Increasing Research Activities has rapidly become an…

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