2014 Federal Conservation Easement (Tax Deduction) Season is OPEN!

Wow! That was fast! Half of 2014 is behind us and it is time to think about tax planning for this year. We have 3 properties available for your to evaluate as a potential tax savings opportunity. As you know, under a Federal Conservation Easement Program a piece of land can help preserve our natural resources while providing a very substantial tax deduction to individuals or companies. Typical savings could be as much as 100% and that is worth thinking about now. Here are some details on it.

The most important part is not delay until 12/31, but do your homework now and select the best opportunities out there. We believe our solution will fit you, your accountant and of course attorney very well! Give us a call.

Work Opportunity Tax Credit (WOTC) 2014/2015 future is still not certain

If you have any WOTC credits pending with your local State Workforce Agency (SWA) you are probably watching what is going on Capitol Hill. Some unfortunate news today about the WOTC extension:

Senate was not able to pass the final bill on EXPIRE ACT limiting our ability to use WOTC this year. Now the bill is not dead but we must wait again to see if the passage will allow us to use the credit. If remember the ACT has the following provisions:

Extends WOTC for 2014/2015 with $3.1 Billion over 10 years in funding. Adds long term unemployed category and is retroactive to 01/01/2014

Please pay close attention to the News Media and engage your local Senator’s office to pass EXPIRE ACT.

You may still submit WOTC paperwork to any SWA while the program is in hiatus.

WOTC provides assistance to employers for hiring new employees in 9 Target groups with a Federal Tax Credit benefit of $1200 to $9600 per qualified new hire. 


We are almost there with our new site!

After working for the past two weeks, we have released and updated version of our website. There is still more work to be done, but we hope you enjoy your visit. Over time, there will be many discussions about various tax incentive topics and hopefully you will find some of them worth your time!

Take care,

Tax Incentives Inc