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Tax Credit Consulting: Production Tax Credit Waianae HI

The Production Tax Credits on renewable energy are a highly controversial energy policy credit that has been used to encourage the development of alternative energy sources. Read and get more info from the following.

Ms. Amber Maureen Puanani Doig (RFC®), CSA, EA
(808) 637-9690
66-250 Kamehameha Hwy., Suite C-209
Haleiwa, HI
Company
Financial Management Solutions, Inc.
Qualifications
Education: BBA
Years of Experience: 30
Membership
IARFC, FPA
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Pension Planning, Retirement Planning, Tax Planning, Tax Returns, Mutual Funds, Mortgage Loans, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Business Coach, Education Plan, Healthcare Accounts, Compensation Plans

Data Provided by:
Tax Lady
(808) 696-6009
85-998 Farrington Hwy
Waianae, HI
 
Waianae Coast Tax Service
(808) 696-8911
85-876 Farrington Hwy Ste 203
Waianae, HI
 
Roscoe Moss Hawaii A Div Of Beylik Drilling Inc
(808) 682-5554
91-259 Olai St Ste A
Kapolei, HI
 
Tax Services Of America
(808) 674-1036
338 Kamokila Blvd Ste 207
Kapolei, HI
 
Mr. Calen R. Matsuno (RFC®), RFP
(808) 589-3344
803 Kamehameha Hwy Ste 414
Pearl City, HI
Company
Advantage Group, LLC
Qualifications
Education:
Years of Experience: 27
Membership
IARFC, NAIFA
Services
Invoice, Estate Planning, Business Planning, Pension Planning, Executive Compensation Planning, Retirement Planning, Medicaid Planning, Tax Planning, Seminars Work, Employee Benefits, Mutual Funds, CD Banking, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Group Insurance, Auto Home Insurance, Charitable Planning, Education Plan, Healthcare Accounts, Asset Protection, BuySell, LiabCover, Compensation Plans

Data Provided by:
Hassle Free Tax
(808) 696-6106
86-120 Farrington Hwy Ste 202
Waianae, HI
 
H & R Block
(808) 696-5571
86-078 Farrington Hwy
Waianae, HI
 
Tashiro Accounting Services Inc
(808) 672-6584
92-6005 Kalemakapii St
Kapolei, HI
 
Taxbusters
(808) 674-6636
563 Farrington Hwy
Kapolei, HI

Data Provided by:
Data Provided by:

Tax Credit Consulting: Production Tax Credit

Production Tax Credit

The Production Tax Credits on renewable energy are a highly controversial energy policy credit that has been used to encourage the development of alternative energy sources.

The Production Tax credit is a credit given to companies that engage in the production and sale of electricity through the use of renewable energy technologies. It also includes provisions for the production of electricity by the use of refined coal or Indian coal. The Credit has been around for many years in different forms and has received several extensions over the years as the political climate has moved more toward renewable energy sources and less dependence on oil as an energy source.

The credit is claimed by an entity that is engaged in the actual production of electricity. The credit averages out to about 1.5 cents per kilowatt hour of power produced. The credit is claimed on Form 8835, Renewable Electricity, Refined Coal, and Indian Coal Production Credit. The total credit as determined on this form will then be entered on the appropriate line on Form 3800, Business Credits.

Form 8835 is one of those IRS forms that can cause a real headache trying to read and follow, but since the Production Tax Credit is geared toward Electricity producing companies, it can be assumed the form is attacked by some well trained professionals. The word, "qualified", is used over and over in the instructions. The restrictions and qualifications are quite detailed and have changed as the Production Tax Credit has been changed by IRS regulations and legislative changes over the years.

The controversy surrounding the Production Tax Credit as a spur to such things as the wind driven electricity industry centers on the restrictions and qualifications. Critics claim that there are other spurs to development of renewable energy that work better than tax credits to corporations. They also claim the short extensions of the credit have created a "boom and bust" mentality in many...

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