Although many tax credits are available to businesses and their benefits are significant, each has its own standards and stringent requirements. Qualifying for tax credits requires a deep understanding of the regulations and careful strategizing to assure and maintain eligibility.
Stradley Ronon’s tax practice advises developers, investors and lenders on the various available federal and state tax credits, and incentives programs. We navigate clients through the qualification requirements and the regulatory intricacies, helping them overcome hurdles, maximize opportunities and comply with the complex array of tax laws and regulations.
Our attorneys provide guidance regarding all facets of tax credits and tax incentives, advising on transaction structuring, financing, due diligence, real estate acquisitions and development, and general tax planning, documentation and compliance issues. Working collaboratively with accountants, we offer counsel on tax implications and assure appropriate treatment of tax benefits.
Stradley Ronon attorneys have advised clients regarding the many federal and state tax credits and incentives available, including the low income housing tax credit, the historic rehabilitation tax credit, new markets tax credits, and renewable energy tax credits, among others.
This experience makes us well positioned to advise on the impact of and entitlement to new tax credits and are often called on to appear before state and local departments of taxation to assert and defend our clients’ interests.