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Tax Credits & Incentives - Florida

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Job Tax Credit

The purpose of this tax credit is to foster employment opportunities in Florida and improve the everyday lives of those employed. The state of Florida wants to encourage economic expansion of new and existing businesses in its rural and urban areas.

  • Rural: This program offers an incentive for eligible businesses located within one of 36 designated Qualified Rural Areas to create new jobs. The tax credit ranges from $1,000 to $1,500 per qualified employee and can be taken against either the Florida Corporate Income Tax or the Florida Sales and Use Tax.
  • Urban: This program offers an incentive for eligible businesses located within one of the 13 designated urban areas to create new jobs. The credit ranges from $500 to $2,000 per qualified job and can be taken against either the Florida Corporate Income Tax or the Florida Sales and Use Tax.

Film in Florida Sales Tax Exemption

Any qualified production company may be eligible for an exemption from sales and use tax on the purchase or lease of certain items used exclusively as an essential part of production activities in Florida.

A qualified production company is engaged in the production of motion pictures, made for television motion pictures, television series, commercial advertising, music videos or sound recordings. The production company must apply for a certificate of exemption, to be presented to a registered Florida sales and use tax dealer when making purchases and rentals of qualified production equipment (Form DR-230). The Office of Film and Entertainment (OFE) will determine whether or not a production company meets the established approval criteria and qualifies for the exemption. The OFE will then notify the Department of Revenue of the approval. The Department of Revenue will issue the certificate of exemption within (5) working days of notification from the OFE.

The purchased or leased tangible personal property must be used exclusively as an integral part of production activities in the state to qualify for exemption. The equipment must be depreciable with a useful life of at least (3) years. The exemption may also be extended to parts and accessories as well as materials that become a component of the finished product. Additionally, the leasing, renting, or granting of a license to use any real property such as sound stages, studios, or any other real estate used as an integral part of the performance of the qualified production services is also exempt.

Capital Investment Tax Credit

This annual credit is used to attract and grow capital-intensive industries in Florida. The credit can be utilized against the corporate income tax. The certified project must be in designated high impact sectors such as advanced manufacturing, clean energy, biomedical technology, financial services, information technology, silicon technology, or transportation equipment manufacturing, or be a corporate headquarters facility. Additionally, the project must create at least 100 jobs and invest a minimum of $25 million in eligible capital costs. These costs include, but are not limited to, acquisition, construction, installation, and equipping expenses of the project.

The annual credit is equal to 5% of the eligible capital costs generated by a qualifying project for up to 20 years.

Community Contribution Tax Credit

The purpose of this program is to encourage Florida businesses to make donations toward community development and housing projects designed for the less fortunate.

In order to be eligible, the business must pay Florida corporate income tax or insurance premium tax and be registered with the Department of Revenue. An organization must be approved as a sponsor before it receives a donation eligible for this tax credit. Cash, property, and goods donated to approved sponsors are eligible for the credit. Donations must be directly used in the approved project.

A business is eligible to receive a tax credit of up to 50% of the value of donations to approved projects. A business can receive credits of up to $200,000 per tax year.This program designates $18.4 million in tax credits for projects that provide homeownership opportunities for low income individuals or housing opportunities for people with special needs.

Research and Development Tax Credit

Florida provides a corporate income tax credit to eligible businesses for certain qualified research expenses.  The eligible business should have received the federal research and development tax credit before qualifying for The Florida Corporate Income Tax Credit.

This state credit is for business research expenses in the following industries:

  • Aviation and Aerospace.
  • Cloud Information Technology.
  • Homeland Security & Defense.
  • Information Technology.
  • Life Sciences.
  • Manufacturing.
  • Marine Sciences.
  • Materials Science.
  • Nanotechnology.

A letter from the Department of Economic Opportunity must be included when the business applies for this credit. This letter should certify the business as an eligible target industry business for the research and development tax credit.

The maximum amount of research and development tax credits that may be granted during any calendar year is $9 million. However, the combined total amount of tax credits that may be awarded to all business enterprises in the 2016 calendar year is $23 million. The Florida research and development tax credit may not exceed 50% of the Florida corporate income tax liability after all other credits have been applied in the order provided.

Credit for Contributions to Nonprofit Scholarship Funding Organizations

The Florida Tax Credit Scholarship Program (FTC) was established to provide an income tax credit for corporations that donate money to nonprofit Scholarship-Funding Organizations (SFOs). These organizations award scholarships to students from families with limited financial resources.

A corporation can receive a dollar-for-dollar tax credit up to 75% of its state income tax liability. The credit may be carried forward for five years.

Urban High Crime Area Job Tax Credit

For each qualified job created in a designated and ranked urban high-crime area, qualified businesses can receive a credit against Florida corporate income tax. New businesses can apply for the credit within the first year of operation. Existing businesses may claim the credit after a minimum number of qualified new employees are hired within a year of applying for the credit.

The program is administered by the Florida Office of Tourism, Trade, and Economic Development. The Office designates 15 areas to participate in the program every three years. These areas are ranked and divided into three tiers. In each program, credit requirements will be differentiated between qualified new businesses and qualified existing businesses.

Businesses eligible for the credit include those that are located in a qualified county and that are predominantly engaged in, or are headquarters for, a business predominantly engaged in, activities usually provided for consideration by firms classified within the following standard industrial classifications:

  • Agriculture, forestry, and fishing.
  • Manufacturing.
  • Retail.
  • Public warehousing and storage.
  • Hotels and other lodging.
  • Research and development.
  • Motion picture production and allied services.
  • Public golf courses.
  • Amusement parks.
  • Customer service operations for multistate/international markets.

The credit ranges from $500 to $1,500 per employee, depending on the location of the business and the number of qualifying employees. An additional $500 credit will be provided for any qualified employee who is a welfare transition program participant. Excess credits may be carried forward for five years. Annual credits for all taxpayers may not exceed $5 million, with at least $1 million of the credit reserved for tier one areas. A business that claims the credit against corporate income tax may not claim the jobs tax credit.

Hazardous Waste Facility Tax Credit

This credit is for owners of any commercial hazardous waste recycling facility that incurs expenses for hydrologic, geologic, or soil site evaluations. Additionally, these facilities permit fees required by the Florida Department of Environmental Protection. The credit is equal to the amount of expenses incurred as well as to 5% of the cost of placing stationary facility equipment used for recycling hazardous waste during the taxable year. The credit may be carried forward for five years.

Contaminated Site Rehabilitation Tax Credit

This credit is for taxpayers that voluntarily rehabilitate brownfield sites or sites contaminated with dry-cleaning solvent. The credit must be approved by the Florida Department of Environmental Protection. The credit is equal to 50% of rehabilitation costs, up to $500,000 per site per year, and may be carried forward for five years.

State Housing Tax Credit

This credit is for private corporations that build low-income housing projects in urban areas. It is equal to 9% of the eligible basis of any designated project for each year of the credit period for a taxable year.

Salary Tax Credit

This program provides a credit against insurance premium taxes and fees, up to 15 percent of the salary of employees of the affiliated group of corporations that:

  • Perform insurance-related activities,
  • Are located or based within this state, and
  • Are covered by Chapter 443, F.S. (Unemployment Compensation).

Florida Renewable Energy Production Credit

The purpose of this credit is to encourage the development and expansion of facilities that produce renewable energy in Florida. Beginning in 2014 and continuing until 2017, each taxpayer claiming a credit under this section must apply to the Department of Agriculture and Consumer Services by the established date for an allocation of available credits for that year.

This annual credit is based on the taxpayer's production and sale of electricity from a new or expanded Florida renewable energy facility. For a new facility, the credit depends on the taxpayer's sale of the facility's entire electrical production. For an expanded facility, the credit shall be based on the increases in the facility's electrical production.

The credit shall be $0.01 for each kilowatt-hour of electricity produced and sold by the taxpayer to an unrelated party during a given tax year.

Workers' Compensation Administrative Assessment Credit

Amounts assessed and paid by an insurance carrier, self-insurer, or commercial self-insurance fund may be deducted from the amount of any other tax levied by the state upon the premiums, assessments, or deposits for workers' compensation insurance on contracts or policies.

Machinery and Equipment Incentives

Machinery and Equipment Used by a New or Expanding Business to Increase Productive Output (exemption)

  • Machinery for a new business must be ordered before the start of productive operations and received within 12 months of the date the business begins its productive operations.
  • "Industrial machinery and equipment" means tangible personal property or other property that has a depreciable life of (3) years or more and is used as an integral part in the manufacturing, processing, compounding, or production of tangible personal property for sale, or is exclusively used in spaceport activities.
  • Expanding businesses must show a minimum 5% increase in productive output.

Machinery and Equipment Used to Produce Electricity or Steam (exemption)

  • This exemption is available to facilities that burn boiler fuels, other than residual oil.
  • The electrical or steam energy must be primarily used for manufacturing, processing, compounding, or producing for sale items of tangible personal property in Florida.
  • If a facility burns both residual and nonresidual fuels, the exemption is prorated.
  • If 15% or less of all electrical or steam energy produced is from residual oil, the full exemption applies.

Industrial Machinery and Equipment Purchases for Eligible Manufacturing Businesses (exemption)

  • An "eligible manufacturing business" means any business whose primary activity at the location where the industrial machinery and equipment are located is within the industries classified under manufacturing NAICS (North American Industry Classification System).
  • The primary business activity of an eligible business is an activity that represents more than 50% of the activities conducted at the location where the industrial machinery and equipment are located.
  • Effective April 30, 2014, purchases of industrial machinery and equipment used at a fixed location in Florida by eligible businesses that manufacture, process, compound, or produce for sale items of tangible personal property are exempt from sales and use tax.
  • The exemption also includes parts and accessories for the industrial machinery and equipment if they are purchased before the date the machinery and equipment are placed into service.
  • Examples of types of manufacturing establishments represented by the applicable NAICS codes include, but are not limited to food, apparel, wood, paper, printing, chemical, pharmaceutical, plastic, rubber, metal, transportation, and furniture.

Machinery and Equipment and Other Materials for Pollution Control (exemption)

  • Purchases of machinery and equipment must be used primarily to control or abate pollutants resulting from manufacturing, processing, compounding, or producing for sale items of tangible personal property at a fixed location.
  • Manufacturing facilities. Exemption applies to:
    • Facilities.
    • Devices.
    • Fixtures.
    • Equipment.
    • Machinery.
    • Specialty chemicals (as defined by statute).
    • Bio augmentation products (as defined by statute).
  • Privately owned or operated landfills. Exemption applies to equipment, machinery, and materials.
  • Construction and demolition debris disposal facilities. Exemption applies to equipment, machinery, and materials.
  • Qualifying purchases must be used, installed, or constructed to meet a law enforced by, or a condition of a permit issued by, the Department of Environmental Protection.

Machinery and Equipment Used for Research and Development (exemption)

  • Purchases of machinery and equipment used primarily (at least 50%) for research and development are exempt from sales and use tax.
  • "Machinery and equipment" includes, but is not limited to, molds, dies, machine tooling, other appurtenances or accessories to machinery and equipment, testing and measuring equipment, test beds, computers, and software, whether purchased or self-fabricated, and, if self-fabricated, includes materials and labor for design, fabrication, and assembly.
  • "Research and development" does not include ordinary testing or inspection of materials or products used for quality control, market research, efficiency surveys, consumer surveys, advertising and promotions, management studies, or research in connection with literary, historical, social science, psychological, or other similar nontechnical activities.

Certain Repair and Labor Charges Exemption

This sales and use tax exemption is available to businesses classified under specified Standard Industry Code (SIC) Major Groups for mining, construction, and manufacturing.

It exempts labor charges for the repair of, and parts and materials used in the repair of, and incorporated into industrial machinery and equipment which is used for the manufacture, processing, compounding, production, or preparation for shipping of items of tangible personal property at a fixed location within Florida.

Solar Energy Systems (Exemption)

Also available for individuals
This exemption is for businesses or individuals who own systems that convert sunlight into energy for use as a power source for another system.

Equipment and any component currently certified by Florida Solar Energy Center as a qualifying solar energy component, including solar collectors, pumps and controls, photovoltaic power conditioning equipment, energy storage units, and accessories integral to a qualifying system, is eligible for the credit.

Exemption is not available when the cost of the solar equipment cannot be separated from the total cost of the product (i.e., patio lights, calculators, novelty items).

For more information, visit: http://dor.myflorida.com/dor/taxes/tax_incentives.html

 

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The AMT, a much-hated provision of the tax code, requires corporations and individuals to recalculate their tax liability if they took too many credits or ....

Bloomberg BNA quoted national Tax Leader Joseph Perry in a Daily Tax Report story about the taxation of pass-through income under the House and Senate bills.


As Seen In

Bloomberg BNA quoted national Tax Leader Joseph Perry in a Daily Tax Report story about the taxation of pass-through income under the House and Senate bills.

Pass-through taxation represents one of the biggest rifts between the House and Senate tax reform plans, a difference that will have to be resolved before ....

The New York Times quoted Tax Leader Joseph Perry in an article about strategies to prepare for the loss of deductions for state and local taxes and property taxes.


As Seen In

The New York Times quoted Tax Leader Joseph Perry in an article about strategies to prepare for the loss of deductions for state and local taxes and property taxes.

The Senate and House may spend most of the month ironing out the differences in their tax bills. Or they may be delayed by other ....

The New York Times interviewed Tax Partner Kurt Koegl about the likely impact of tax reform on real estate investment trusts.


As Seen In

The New York Times interviewed Tax Partner Kurt Koegl about the likely impact of tax reform on real estate investment trusts.

After a frenzy of congressional action to rewrite the tax code, salesclerks and chief executives are calculating their gains. Business was treated with the everyone's-a-winner ....

Fox Business interviewed national Tax Leader Joseph Perry for a story about how tax reform will impact homeowners in high-tax states.


As Seen In

Fox Business interviewed national Tax Leader Joseph Perry for a story about how tax reform will impact homeowners in high-tax states.

Republicans are moving a tax reform bill through Congress that could have both short-and long-term impacts on housing prices and trends. Real estate lobbies are ....

Tax Cuts and Jobs Act: What Are The Proposed Changes to Depreciation?


Tax Compliance

Tax Cuts and Jobs Act: What Are The Proposed Changes to Depreciation?

The Tax Cuts and Jobs Act was passed by the House of Representatives on November 16, 2017. The Senate Finance Committee also passed its own ....

Barron's quoted Family Wealth Services Leader Carolyn Mazzenga in an article about how high net worth taxpayers residing in New York City may be impacted by tax reform.


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Barron's quoted Family Wealth Services Leader Carolyn Mazzenga in an article about how high net worth taxpayers residing in New York City may be impacted by tax reform.

As Senate Republicans moved closer to an overhaul of the nation's tax code, the prospect of sharp cuts to corporate taxes loomed larger.

The Wall Street Journal quoted Philadelphia Tax Leader Ed Reitmeyer in an article about how the House and Senate tax bills would likely affect President Trump.


As Seen In

The Wall Street Journal quoted Philadelphia Tax Leader Ed Reitmeyer in an article about how the House and Senate tax bills would likely affect President Trump.

Opponents of the Republican tax proposal moving through Congress are focusing in part on one particular billionaire as they seek to rally Americans against it: ....

Construction Executive's Managing Your Business published an article by Tax Partner James Lundy about the critical importance for construction contractors to undertake annual tax planning.


As Seen In

Construction Executive's Managing Your Business published an article by Tax Partner James Lundy about the critical importance for construction contractors to undertake annual tax planning.

More than almost any other industry, construction contractors need to spend time and resources planning for their income taxes before the end of their fiscal ....

Bloomberg News interviewed Family Wealth Services Leader Carolyn Mazzenga about whether the loss of the state and local tax deduction in New York will drive wealthy taxpayers to move.


As Seen In

Bloomberg News interviewed Family Wealth Services Leader Carolyn Mazzenga about whether the loss of the state and local tax deduction in New York will drive wealthy taxpayers to move.

By eliminating the deduction for most state and local taxes, an individual making a yearly salary of $1,000,000 - a figure not uncommon in the ....

The Hartford Business Journal published an article by State & Local Tax Leader Paul Graney, on the tax changes contained in the bipartisan budget agreement enacted in Connecticut.


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The Hartford Business Journal published an article by State & Local Tax Leader Paul Graney, on the tax changes contained in the bipartisan budget agreement enacted in Connecticut.

On Oct. 31, Gov. Dannel P. Malloy signed a trick-or-treat bipartisan budget agreement that provided for a number of new tax changes. He also vetoed ....

Forbes tapped the expertise of Tax Partner Janis Cowhey for an article about smart ways to tap your retirement money early.


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Forbes tapped the expertise of Tax Partner Janis Cowhey for an article about smart ways to tap your retirement money early.

Ideally, you'll leave the money in your retirement accounts growing untouched until you retire. Uncle Sam imposes a 10% penalty on some early withdrawals to ....

Window for California Competes Tax Credit is Fast Approaching


Tax Flash - Tax Credits & Incentives

Window for California Competes Tax Credit is Fast Approaching

The California Competes Tax Credit program is an award-based program that is funded through the state's general fund. The purpose of the California Competes Tax ....

Research and Development Credit - R&D Expense IRS Directive


Research & Development Credit

Research and Development Credit - R&D Expense IRS Directive

Effective September 11, 2017, the Internal Revenue Service introduced a Research and Development Credit Directive for taxpayers that report R&D costs on GAAP audited financial ....

NBC Nightly News interviewed New York Tax Leader Maury Cartine for a story about how much President Trump stands to potentially save under the GOP tax plan.


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NBC Nightly News interviewed New York Tax Leader Maury Cartine for a story about how much President Trump stands to potentially save under the GOP tax plan.

NBC Nightly News interviewed New York Tax Leader Maury Cartine for a story about how much President Trump stands to potentially save under the GOP ....

The New York Times spoke with Philadelphia Tax Partner-in-Charge Ed Reitmeyer about the treatment of pass-through income under the House Tax Cuts & Jobs bill.


As Seen In

The New York Times spoke with Philadelphia Tax Partner-in-Charge Ed Reitmeyer about the treatment of pass-through income under the House Tax Cuts & Jobs bill.

The rewrite of the tax code, which the House passed on Thursday, proposed a 25 percent tax rate for small businesses for owners who report ....

NBC News asked Marcum to analyze the impact of the House Tax Cuts & Jobs Act on the 2005 federal tax return of Donald Trump, and reported the Firm's findings.


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NBC News asked Marcum to analyze the impact of the House Tax Cuts & Jobs Act on the 2005 federal tax return of Donald Trump, and reported the Firm's findings.

President Donald Trump has insisted, for months, that the Republican tax plan he supports won't benefit him. In fact, Trump and his heirs potentially could ....

Senate Committee on Finance Issues Version of Tax Cuts and Jobs Act


Tax Flash

Senate Committee on Finance Issues Version of Tax Cuts and Jobs Act

Last week, the Senate Finance Committee issued its version of the recently released House Tax Cuts and Jobs Act.

Avoid Double Taxation in Tennessee


State & Local Taxation

Avoid Double Taxation in Tennessee

Many Tennessee businesses have an interest in flow through entities subject to Tennessee taxation. The flow through income is reported by both the parent and ....

2017 Marcum Year-End Tax Guide Now Available


Press Release

2017 Marcum Year-End Tax Guide Now Available

Marcum LLP has issued its 2017 Year-End Tax Guide in the midst of Congressional efforts to reform the national tax code. This year's tax guide ....

Bloomberg Markets spoke with Tax Partner Shaun Blogg, Marcum's office managing partner in West Palm Beach, FL, about the impact of tax reform for businesses and individual taxpayers.


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Bloomberg Markets spoke with Tax Partner Shaun Blogg, Marcum's office managing partner in West Palm Beach, FL, about the impact of tax reform for businesses and individual taxpayers.

Shaun Blogg, Marcum's office managing partner in West Palm Beach, FL, discussed the impact of tax reform for businesses and individual taxpayers with Bloomberg Markets.

Bloomberg Markets asked Tax Principal Michael D'Addio onto the program to discuss the prospects for the House and Senate tax bills.


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Bloomberg Markets asked Tax Principal Michael D'Addio onto the program to discuss the prospects for the House and Senate tax bills.

Bloomberg Markets asked Tax Principal Michael D'Addio onto the program to discuss the prospects for the House and Senate tax bills.

The Philadelphia Inquirer interviewed Jeffrey Winkleman, partner-in-charge of corporate taxation, and Steve Brett, president of Marcum Financial Services, for an article about the proposed cap on 401(k) contributions.


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The Philadelphia Inquirer interviewed Jeffrey Winkleman, partner-in-charge of corporate taxation, and Steve Brett, president of Marcum Financial Services, for an article about the proposed cap on 401(k) contributions.

Wall Street can't be happy about Congress' proposal to cap our yearly 401k contributions at $2,400 - thats the tax-deferred amount we would be able ....

Forbes interviewed Tax Partner Janis Cowhey about the increased lifetime estate and gift tax exemption.


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Forbes interviewed Tax Partner Janis Cowhey about the increased lifetime estate and gift tax exemption.

Its official. For 2018, the estate and gift tax exemption is $5.6 million per individual, up from $5.49 million in 2017. That means an individual ....

Employee Retention Credits under the Disaster Tax Relief and Airport and Airway Extension Act of 2017


Tax Flash

Employee Retention Credits under the Disaster Tax Relief and Airport and Airway Extension Act of 2017

On September 29, 2017, the Disaster Tax Relief and Airport and Airway Extension Act of 2017 was signed into law, providing certain temporary tax relief ....

IRS and Treasury to Withdraw Proposed Regulations that Would Affect Discounts Applied to Transfers of Family-Owned Businesses


Tax Flash

IRS and Treasury to Withdraw Proposed Regulations that Would Affect Discounts Applied to Transfers of Family-Owned Businesses

On October 2, 2017, The Trump Administration issued Executive Order 13789. Included in this Executive Order, the IRS and the Treasury establish that they will ....

The New York Post interviewed Tax Leader Joseph Perry about the impact of potentially losing the deductions for mortgage interest, property taxes, and state and local taxes.


As Seen In

The New York Post interviewed Tax Leader Joseph Perry about the impact of potentially losing the deductions for mortgage interest, property taxes, and state and local taxes.

Homeowners would get a choice between deducting property taxes or mortgage interest on their federal tax returns as Republicans on Tuesday discussed modifications to the ....

Financial Advisor magazine spoke with Tax Partner John Mezzanotte about how to help clients save taxes on required minimum distributions from IRA accounts.


As Seen In

Financial Advisor magazine spoke with Tax Partner John Mezzanotte about how to help clients save taxes on required minimum distributions from IRA accounts.

Once your client reaches age 70 1/2, he or she must take required minimum distributions (RMDs) annually from taxable IRA and 401(k) accounts.

WCBS-TV 2 interviewed Tax Partner Robert Spielman about the impact of the new Tax Reform Framework on Long Island homeowners.


As Seen In

WCBS-TV 2 interviewed Tax Partner Robert Spielman about the impact of the new Tax Reform Framework on Long Island homeowners.

President Donald Trump calls his tax reform plan a middle class miracle. But the elimination of most deductions, including state and local taxes, has some ....

The Long-Awaited Tax Proposal: The Unified Framework for Fixing our Broken Tax Code


Tax Flash

The Long-Awaited Tax Proposal: The Unified Framework for Fixing our Broken Tax Code

On September 27, 2017, the Trump Administration and Republican leaders released a unified framework for tax reform that would make changes to both individual and ....

Tax Partner Robert Spielman wrote about maximizing your charitable contributions for his latest column in the Coconut Creek City News.


As Seen In

Tax Partner Robert Spielman wrote about maximizing your charitable contributions for his latest column in the Coconut Creek City News.

There is seemingly no end to the solicitations we receive from qualified charitable organizations seeking our assistance.

CNBC spoke with Trusts & Estates Co-Leader David First about the proposed repeal of the estate tax.


As Seen In

CNBC spoke with Trusts & Estates Co-Leader David First about the proposed repeal of the estate tax.

Donald Trump rallied the working class, but he is also championing one benefit favoring only the super-rich: eliminating the federal estate tax.

IRS Tax Relief for Hurricane Irma Victims


Tax Flash

IRS Tax Relief for Hurricane Irma Victims

The IRS is providing help to the victims of Hurricane Irma. Special tax relief and assistance is available to taxpayers in the Presidential Disaster Areas. ....

IRS has Provided Significant Relief for Taxpayers Affected by Hurricane Harvey


Tax Flash

IRS has Provided Significant Relief for Taxpayers Affected by Hurricane Harvey

As a result of the devastation caused by Hurricane Harvey, IRS has granted two significant forms of relief for those affected by the storm. The ....

The Tax Advisor published a semiannual review of recent developments in individual taxation, co-authored by Tax Director Don Zidik.


As Seen In

The Tax Advisor published a semiannual review of recent developments in individual taxation, co-authored by Tax Director Don Zidik.

The IRS issued proposed regulations that update the definition of dependent to be consistent with Sec. 152 and reverse the IRS's previous position regarding when ....

Bloomberg TV's Daybreak America invited Tax Leader Joseph Perry back to the program to discuss Washington's agenda for tax reform.


As Seen In

Bloomberg TV's Daybreak America invited Tax Leader Joseph Perry back to the program to discuss Washington's agenda for tax reform.

Joseph Perry, tax and business services leader at Marcum LLP, discusses the issues that he feels need to be tackled in order to achieve U.S. ....

Internal Use Software Regulations for the Research Tax Credit


Research & Development

Internal Use Software Regulations for the Research Tax Credit

In 2016, the Internal Revenue Service issued final regulations (T.D. 9786) regarding guidance on software that is developed primarily for a taxpayer’s internal use in ....

Tax Partner Paul Graney discussed a revision of the Pennsylvania Department of Revenue ruling on software support tax with Bloomberg BNA.


As Seen In

Tax Partner Paul Graney discussed a revision of the Pennsylvania Department of Revenue ruling on software support tax with Bloomberg BNA.

The Pennsylvania Department of Revenue has revised a controversial letter ruling on computer software support, dialing back guidance in an earlier version that implied training ....

CNBC.com interviewed Tax Partner Janis Cowhey about funding pre-school education for grandchildren.


As Seen In

CNBC.com interviewed Tax Partner Janis Cowhey about funding pre-school education for grandchildren.

Here's a way for boomers to share the wealth with their children and grandkids: Cover the cost of preschool and shake off gift taxes to ....

New Businesses or Start-Ups: Get Ready for the New Research and Development Credit Payroll Tax Offset


Tax Flash

New Businesses or Start-Ups: Get Ready for the New Research and Development Credit Payroll Tax Offset

The passing of the Protecting Americans from Tax Hike (PATH) Act of 2015 introduced many exciting changes related to the Research and Development (R&D) Tax ....

Tax Benefits of Hiring Veterans


Tax Credits & Incentives

Tax Benefits of Hiring Veterans

Our nation's veterans can provide businesses with various benefits, from leadership skills to work ethic and attention to detail. However, hiring veterans can also provide businesses ....

IRS Announces Guidance on Refundable Payroll Taxes of Research and Development Tax Credit Claims


Tax Credits & Incentives

IRS Announces Guidance on Refundable Payroll Taxes of Research and Development Tax Credit Claims

The IRS recently announced guidance regarding filing, claiming and reporting requirements related to the refundable Payroll Tax Credit provisions of the Research and Development (R&D) tax ....

Research & Development Tax Credit: Consider the Extension and Changes to Law When Preparing 2015 and 2016 Tax Returns


Tax Flash

Research & Development Tax Credit: Consider the Extension and Changes to Law When Preparing 2015 and 2016 Tax Returns

In December 2015, the Protecting Americans from Tax Hikes Act of 2015 ("Tax Extenders Bill") was signed into Law. The law includes an expansion of ....

New Florida R&D Tax Credit


Tax Flash

New Florida R&D Tax Credit

Tax Credits & Incentives Brochure

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Tax & Business
Nashville, TN
 
2018 YEAR-END TAX GUIDE

The Marcum 2018 Year-End Tax Guide continues our tradition of providing timely tax guidance for the upcoming year.

 
 
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