FICS
If you hire employees with certain backgrounds you may be eligible for this federal tax incentive
What is...
Work Opportunity Tax Credit (WOTC)
Companies must have fewer than this many employees in 2021 to be a small employer
What is...
500
If you're this type of product cost, then you can be included as a 174 expenditure.
What us...
All costs incident to the development or improvement of a product.
2021 IRS document that outlines the requirements for a valid research credit refund claim.
What is...
Chief Counsel Memo (20214101F)
Before I became NFTS, I was called by these three names.
What is...
The Predators, Creative Tax Services, Comprehensive Tax Services
If you are a landlord that develops affordable rental housing, you should consider applying for this
What is...
Low-Income Housing Tax Credit (LIHTC)
You can't double count wages in this year for this short list of credits: WOTC, FMLA, FFCRA.
What is...
2020
Effective date for mandatory 174 capitalization.
What is...
Tax years starting after 12/31/2021
% of activities that must constitute elements of a process of experimentation for a business component to qualify.
What is...
80% or Substantially All
My hallmark phrase was "Fire in the Belly"
What is...
Ron Mangiacapra
A tax incentive conveyed in the form of a forgivable loan
What is...
New Markets Tax Credit (NMTC)
Maximum credit available per employee in 2021
What is...
$21,000
Software development costs that generally do not meet the Section 41 criteria but are now treated as 174 expenditures
What is...
IUS software development
Percentage of common ownership that results in a controlled group
What is...
>50%
I can't get enough of Piano Bars
What is...
Mike Dello Stritto
Invest in renewable energy or fuel efficient technologies for your operations, and you may benefit from me
What is...
Investment Tax Credit (ITC)
I am the year in which the ERC must be added back under 280C.
What is...
Year the credit eligible wages and expenses were paid.
Number of distinct taxable years over which foreign research must be amortized.
What is...
16 years
Types of qualified expenses considered "in-house" research expenditures.
What is...
Wages and Supplies
I've slept on the hood of a Hum-V in Iraq, but now I get my thrills simply by saying Intela
What is...
Chuck Kosal
Build some windmills and sell their electricity, and you may benefit from me
What is...
Production Tax Credit (PTC)
The two tests which demonstrate a "more than nominal" impact.
What is...
Size and effect
The three ways to treat R&D expenses prior to the mandatory 174 capitalization rules.
What is...
Immediately deduct, amortize over 5+ years, amortize over 10 years.
Gross credit percentage under ASC if a Taxpayer has no in-house QREs in the three base years.
What is...
6%
The Triumvirate
What is...
Gi3 co-service line leaders - Gogerty, Goldbas, Kane