Pumping up energy credits; rental prop problems; the OBBBA and financial aid; and other highlights from our favorite tax bloggers.
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Season's questions
- U of Illinois Tax School (
https://taxschool.illinois.edu/blog/ ) : Planning and prep, client intake, payment: What does the end of federal acceptance of paper checks portend for this season? - Canopy (
https://www.getcanopy.com/blog ): Team-building has never been easy. But how in the world do you do it across multiple offices? - Wiss (
https://wiss.com/insights/read/ ): The Clean Electricity Investment Credit replaced the Energy Investment Tax Credit starting Jan. 1, 2025. This emissions-based incentive covers qualified facilities and energy storage systems placed in service after that date. The base credit is 6% of the qualified investment, but commercial real estate developers can increase this to 30% by meeting prevailing wage and registered apprenticeship requirements. Additional bonuses can push the total credit even higher.
A frosty cold deadline
- Boyum & Barenscheer (
https://www.myboyum.com/blog/ ): The compliance calendar for the first quarter of 2026 for restaurants and breweries. - Berkowitz Pollack Brant (
https://www.bpbcpa.com/articles-press-releases/ ): Renting out a property for part of the year means a lot more than fixing the screen door before the tenants arrive, especially when it comes to taxes. - Armanino (
https://www.armanino.com/articles/ ): Many families avoid succession planning because it forces them to confront what happens to their private wealth when they're no longer around; a plan often exists in pieces with the hope that everything will be sorted out later, rather than as a strategic framework for a secure future. Whether you sit in the family office or advise it, you know that "later" rarely arrives at a good time.
Meanwhile in the North Atlantic …
- Sovos (
https://sovos.com/blog/ ): The sales tax sitch in one of the nation's more complicated states: Illinois. - Sikich (
https://www.sikich.com/insights/ ) One Big Beautiful Bill Act analysis rolls on to look at how the act impacts Pell Grants and other aid opportunities. Great redesign, by the way. - Mauled Again (
http://mauledagain.blogspot.com/ ): Mileage-based fees gone international, specifically in Iceland.
