Tax & Accounting Blog

onesource

Maryland Approves and Re-designates Six Enterprise Zones

Six enterprise zones have been designated, renewed, and approved by the Maryland Department of Business and Economic Development. This enables the jurisdictions to provide businesses located within the zones with income tax and property tax credits to help create and retain jobs. A new zone was approved in Glenmont/Montgomery County, zones were re-designated in Cecil … Read More

aumentum

Moving at a Fast Pace

Aumentum, Blog August 30, 2013

I just returned from the 79th Annual IAAO Conference, held in Grand Rapids, Michigan. It is always good to be among clients, colleagues, industry-partners and competitors—some of which I’ve known for nearly 30 years. And although we may have different objectives, we all have one thing in common—Assessment Administration. From all the things I saw, … Read More

onesource

IRS to Analyze Tax Credit Bond Credit Stripping and Credit Claims

Nearly $5 billion in qualified tax credit bonds were issued in 2009 and 2010, resulting in millions of dollars of bond tax credits claimed each year. In a heavily redacted report, the Treasury Inspector General for Tax Administration (TIGTA) has reported on its analysis of corporate and individual returns with claims for bond tax credits. … Read More