Real Estate and Construction Newsletter October 2015

R&D Credits: a Tax Saving Strategy for the Construction Industry

As the 2014 extended tax return filing season draws to an end and the fourth quarter of 2015 begins, your Anders advisors are moving full speed ahead to uncover tax saving strategies that can be implemented before year-end.

As was the case late last year, there is growing speculation surrounding congressional passage of another ‘extenders package’ containing popular tax incentives like bonus depreciation, increased Section 179 depreciation deductions, and qualified charitable distributions from IRAs.  One extender that can be particularly beneficial for those in the construction industry is the R&D tax credit.  The R&D tax credit expired along with several other extenders on December 31, 2014, but experts are confident it will be extended once again for the 2015 tax year.

Although most contractors have heard of the R&D tax credit, many don’t know exactly what activities qualify. Click here to read more about R&D tax credits and the latest news from Anders