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2023 Year-End Tax Planning Strategies for the Real Estate and Construction Industry

Cherry Bekaert

Contributor: Chelsea Payne , Senior Manager, Tax Services As the end of the year approaches, strategic planning remains crucial for taxpayers looking to optimize their financial positions and set the stage for a strong start in the upcoming fiscal year.

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Alternative Vehicle Refueling Property Credit Q&A

Withum

It must not be property used predominantly outside the United States; It must be placed in service in a population census tract which is a low-income community or in a population census tract that is not an urban area; and It must be placed in service on or before December 31, 2032. bidirectional charging).

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2022 Year-End Tax Planning Checklist

Withum

Geography, such as distressed zones, enterprise zones, or tax-increment finance districts. Contact a member of Withum’s Tax Services Team to start planning as year-end approaches. Year-End Tax Planning for Businesses. The corporate tax rate is currently a flat 21% rate. Energy credits. Not-for-profits.

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Individuals and Pass-Through Entity Owners Leery Over Harris Tax Policy

Withum

The Tax Policy Center estimates that only 200,000 individuals are currently subject to AMT, but this number will increase to 7.6 million in 2032. Learn about the potential economic impacts, the changes to capital gains taxes, and how these policies could shape the future of the American tax system.