Tax laws and regulations are constantly changing, and it can be difficult to keep up with it all. In this blog, CSSI experts share their insights around the most relevant issues and developments impacting your tax situation.
The work happening in your facility right now may qualify for one of the most valuable tax credits available to American manufacturers, and most shops never claim it. If your business designs custom tooling, develops new dies, builds specialty machinery, or engineers solutions to production challenges that don’t have off-the-shelf answers, the federal R&D Tax […]
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The IRS designation of a Real Estate Professional carries significant tax advantages, but qualifying isn’t automatic. If you’re investing time and effort into managing rental properties, understanding the IRS criteria could lead to major tax savings. Let’s break down the requirements, what they mean, and how you can determine if you qualify. What is an […]
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When Was Federal Income Tax Started in the US? The federal income tax officially started in 1913 with the ratification of the 16th Amendment to the U.S. Constitution. This amendment granted Congress the authority to levy a tax on income without apportioning it among the states or basing it on the U.S. Census. Shortly after […]
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Most architecture firms are sitting on a significant tax credit, and don’t even know it. If your firm designs buildings that push boundaries, solves technical challenges, or develops new approaches to structure, energy performance, or materials, there’s a strong chance your everyday project work qualifies for the federal R&D Tax Credit. And if you haven’t […]
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