Internal Revenue Service’s Interim Guidance for Amended Claims for Research and Development Tax Credit

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Written by: Tanya Donnelly, Senior R&D Tax Manager On January 5th, 2022, the Internal Revenue Service (“IRS”) released an IRS Press Release, Frequently Asked Questions, and Interim Guidance for Research and Development (“R&D”) tax credit claims. As we discussed in our previous article, the IRS issued Chief Counsel Memorandum 20214101F on October 15, 2021, which…

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Stimulus Package Update

Brayn Consulting

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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Soft Costs: Depreciable or Not?

Brayn Consulting

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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Join us in welcoming Robert Henry Wallace III as our newest BRAYNiac

Brayn Consulting

BRAYN Consulting is pleased to welcome Robert Henry Wallace III to our team as an Engineering Associate. Robert comes to us with experience in R&D, 179D, and Cost Segregation. He has a degree in Petroleum Engineering from Houston University. Robert will be working with the BRAYNiacs on R&D, Cost Segregation, 179D, and 45L tax incentive…

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BRAYN Consulting welcomes, Austin Bewley to the team!

Autin Bewley

BRAYN Consulting is pleased to welcome Austin Bewley to our team as an Engineering Associate. Austin is a recent graduate of the Colorado School of Mines. He will be working with the BRAYNiacs on R&D, Cost Segregation, 179D, and 45L tax incentive studies. Watch this video to learn a little about this great new addition…

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