Tag Archives: tax planning

How do I? Determine a residential tax credit for solar panels

Individual taxpayers may claim a nonrefundable personal tax credit for qualified residential alternative energy expenditures. The residential alternative energy credit generally is equal to 30 percent of the cost of eligible solar water heaters, solar electricity equipment, fuel cell plants, small wind energy property, and geothermal heat pump property. After...
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Little known, often overlooked, IRS “Audit Techniques Guides”

The IRS issues Audit Technique Guides to its examiners to provide the auditors with information about your industry and potential issues on our tax return which can raise questions.  These guides are the equivalent of a “Cliff’s Notes” summary of your industry.   These guides are also useful to CPAs...
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