May 22, 2019

Engineering News-Record quoted Tax Partner Barry Fischman and Principal Michael D'Addio in an article about the use of tax credits to reduce corporate tax liability to zero.

Engineering News-Record

By Scott Van Voorhis

Engineering News-Record quoted Tax Partner Barry Fischman and Principal Michael D'Addio in an article about the use of tax credits to reduce corporate tax liability to zero.

Excerpt:

Like other companies, AECOM was able to bring forward $58 million after the 2017 legislative changes unlocked the value of past R&D credits the company had stored up, said Barry Fischman, CPA and a partner in the tax and business services unit of accounting firm Marcum LLP. In particular, the legislation allowed companies to much more quickly capture tax write-offs related to the depreciation of assets and equipment, in some cases over the first few years.

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Related Industry

Construction

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Barry  Fischman

Barry Fischman

Partner

  • Tax & Business
  • New Haven, CT