Tax laws and regulations are constantly changing, and it can be difficult to keep up with it all. In this blog, CSSI experts share their insights around the most relevant issues and developments impacting your tax situation.
If your team is writing code to solve problems nobody has solved before, you may be sitting on one of the most valuable tax incentives available to U.S. businesses, and not even know it. The federal R&D Tax Credit isn’t reserved for pharmaceutical labs or aerospace engineers. Software developers, SaaS companies, internal IT teams, and […]
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The work happening in your facility right now may qualify for one of the most valuable tax credits available to American manufacturers, and most shops never claim it. If your business designs custom tooling, develops new dies, builds specialty machinery, or engineers solutions to production challenges that don’t have off-the-shelf answers, the federal R&D Tax […]
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The IRS designation of a Real Estate Professional carries significant tax advantages, but qualifying isn’t automatic. If you’re investing time and effort into managing rental properties, understanding the IRS criteria could lead to major tax savings. Let’s break down the requirements, what they mean, and how you can determine if you qualify. What is an […]
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When Was Federal Income Tax Started in the US? The federal income tax officially started in 1913 with the ratification of the 16th Amendment to the U.S. Constitution. This amendment granted Congress the authority to levy a tax on income without apportioning it among the states or basing it on the U.S. Census. Shortly after […]
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