Opportunity funds are going into their sixth year since their 2018 launch. They got off to a slow start as the IRS struggled to issue guidance on the many statutory rules applicable to these funds while the states struggled to designate the areas eligible for qualified opportunity fund investments. Covid also became a challenge, causing the IRS […] The post Qualified Opportunity Zone Issues, Challenges and Other “Pain Points” for Investors and Developers by Arthur J. Lieberman appeared first on Berkowitz Pollack Brant Advisors + CPAs.

Mentioning the federal research and development (R&D) tax credit often conjures up images of scientists in white coats conducting lab experiments. Truth be told, the credit, which can reduce taxpayers’ federal tax liabilities, applies to a wide variety of activities conducted by companies outside of labs in an even broader range of industries, including construction […] The post R&D Tax Credits Can be a Boon to Real Estate Businesses by Spencer J. Solove, CPA appeared first on Berkowitz Pollack Brant Advisors + CPAs.

In this episode, Director of Tax Services Richard Cabrera explains the options for business structures and how entrepreneurs should choose. The post Podcast – BPB Knows Business Structures appeared first on Berkowitz Pollack Brant Advisors + CPAs.

The passage of the Inflation Reduction Act in 2022 ushered in new and expanded tax-saving opportunities for individuals and businesses that produce, adopt and/or invest in energy-efficient technologies, including wind, solar and geothermal power. This includes an extension of tax savings to commercial real estate property owners and, for the first time, real estate investment […] The post Real Estate Owners, Builders, Contractors Can Find Valuable Tax Savings in New Law by Kevin McNally, JD appeared first on Berkowitz Pollack Brant Advisors + CPAs.

Congress closed out 2022 with the passage of a $1.7 trillion spending bill that, among other things, ushers in new rules and regulations intended to help more Americans save for retirement. Following is a brief overview of some of the more significant changes individual taxpayers should prepare for beginning in 2023. Raises the Age for […] The post Secure Act 2.0 Brings Big Changes to Retirement Planning in 2023 and Beyond by Jonathan Kraes, CPA appeared first on Berkowitz Pollack Brant Advisors + CPAs.

In this episode, Director of Tax Services Lewis Taub shares the details about the IRS’s interest in crypto assets, gains and losses. The post Podcast – BPB Knows Cryptocurrency Tax Issues appeared first on Berkowitz Pollack Brant Advisors + CPAs.