Podcast | R&D Tax Credits
In our latest podcast, Dan Chenoweth, Senior Tax Partner at PBMares, offers his insights on the federal research & development (R&D) tax credit aimed to stimulate businesses to invest in innovative endeavors.
The Virginia Land Preservation Tax Credit Program
Learn how Virginia taxpayers can reduce their state tax liability through the Virginia Land Preservation Tax Credit program.
Deadlines for Claiming the Employee Retention Credit (and It’s Not July 31, 2023)
The deadline for claiming the Employee Retention Credit (ERC) is getting closer. If you are an eligible business or nonprofit organization, you still have time to determine your eligibility and file your claim. That time, however, will run out soon with strict filing deadlines coming up in 2024 and 2025.
IRS releases draft instructions to claim amended R&D credits
IRS issues draft instructions for Form 6765 that formalizes the information required for claiming research credits on an amended tax return or an administrative adjustment request (AAR) for BBA partnerships.
With No Year-end Tax Package, Businesses Face Unfavorable Changes
Businesses must contend with several unfavorable tax changes after no significant business tax provisions appeared in a year-end omnibus package.
Webinar Recording | Top 10 Tax Strategies for 2022
Join PBMares on November 16 to discover the top 10 tax strategies businesses and individuals should consider before year-end, including traditional tax strategies, charitable planning, and Roth IRA conversions.
New Life for Opportunity Zones?
Opportunity Zones could be getting an extension with several additional changes. Real estate investors, even those who perhaps didn’t qualify before, will want to take a second look at the second Act for Opportunity Zones.
Webinar Recording | Inflation Reduction Act Tax Law Changes
The Inflation Reduction Act was signed into law on August 16. This webinar will guide you through the significant tax law changes and how they may impact you.
Neighborhood Assistance Program FAQs
Individuals, businesses, and other entities can claim valuable tax credits through Virginia’s Neighborhood Assistance Program (NAP) to lower their state tax liability and make an impact on their local community. For organizations, the application window closes on July 1.
IRS Releases New Guidance on R&D Credit Refund Claim Procedure
The IRS released a memorandum and FAQs to provide procedural guidance regarding R&D credit refund claims on amended tax returns.