Tax

Reznick Group practice professionals discuss key business issues, trends and ideas relevant to your industry.

  • Investing in Distressed Communities: The New Markets Tax Credits Program

    Enacted by Congress in 2000, the New Markets Tax Credit program provides tax credit incentives to investors who make capital investments in low-income and distressed communities. This white paper provides a comprehensive overview of the New Markets Tax Credit program including information on qualifications, the application process, and the tax saving benefits for investors.

  • Major Tax Changes for Businesses and Individuals Proposed in FY 2010 Budget

    On Feb. 26, 2009, the Obama Administration released "A New Era of Responsibility: Renewing America’s Promise." It is the Administration's preview of its fiscal policies and planned major budgetary initiatives.  The document reveals major tax initiatives for businesses and individuals that the Obama Administration will push.

  • Looking for Tax Savings? Study Building Costs to Up Cash Flow

    Though known by many real estate owners, the practice of cost segregation is sometimes overlooked. It is a methodology used to reallocate certain building costs into separate identifiable components that can be depreciated over shorter lives.  All businesses that acquire, construct or renovate real property can benefit from a cost segregation study as it can help building owners save on taxes and improve cash flow.

  • Weigh Tax Implications Before Buying Failing Bank

    As the real estate market began to decline, with a resulting rise in credit defaults, analysts and financial commentators suggested the potential for multiple bank failures as financial institutions would be required to write down the value of their mortgage assets. This white paper provides essential  tax advice for financially stable banks considering the acquisition of a failing financial institution.