Tax breaks

Cost segregation studies and other methods can help businesses minimize their tax liabilities — and maximize their cash for potential economic difficulties ahead.

Existing and expired energy efficiency tax incentives for commercial and multifamily building owners, investors, developers and homebuilders have been expanded significantly under the act.

What are the possible advantages and what should business owners think about?

Sinema has expressed opposition to ending the carried-interest tax break used by private equity and hedge fund managers to lower their tax bills.

Earnings in these accounts aren’t taxed unless a distribution exceeds a designated beneficiary’s qualified disability expenses.

The service has posted a revenue procedure to give widows and widowers the ability to file for an extension of time on a tax exclusion until the fifth anniversary of their spouse’s death.

A senior member of the House Ways and Means Committee has introduced legislation to double the size of the research and development tax credit and enable more small-business startups to claim it.

Sens. Ron Wyden and Rob Portman proposed bipartisan legislation to disallow foreign tax credits and other tax benefits for companies that pay taxes to Russia or Belarus.

The tax incentive is a controversial policy, one that has created bitter resentment among many on the crisis-ravaged island.

A key incentive is set to go away, sparking a rush by companies to lock down the tax breaks.