For those considering properties in areas of historical significance, and income tax benefits, the Federal Historic Rehabilitation Tax Credit (HTC) may be of interest to you. where the proper conditions are met, business taxpayers can claim a non-refundable 20% tax credit for “rehabilitation” expenditure over a five-year period. To qualify for the credit, however, both the building and the expenditure must meet several requirements (for both the structure and the expenditure).
ABOUT US. The Wolf Group thrives as an international tax accountant firm. Every year we help hundreds of clients. And unlike most CPA firms in the United States, you won’t find us doing accounting, bookkeeping, or audit/attestation. We just deal with international tax matters — it’s who we are and what every member of our team does daily.
The Wolf Group, P.C.
12701 Fair Lakes Cir, #220
Fairfax, VA 22033