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IRS Hikes Proposed Caterpillar Tax Penalty To $2.3 Billion

Construction Equipment

Securities and Exchange Commission on Thursday and said that the IRS completed its examination of Cat’s U.S. Caterpillar posted its annual 10-K report filed with the U.S. income tax returns for 2010 to 2012 and has increased its proposed tax penalties to approximately $2.3 billion for the 2007 through 2012 audits.

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The 2 Types of Welding Helmets You Need To Consider

Construction Marketing

A welding helmet is arguably the most integral piece of protective equipment a welder must use. Auto-darkening welding helmets are equipped with an auto-darkening filter lens. Automatic UV or IR Darkening Filters. Glass lens coated with IR and UV protection. These are auto-darkening helmets and passive welding helmets.

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IRS OKs Alternative Fuel Tax Credit for 2015

Construction Equipment

If your fleet includes propane-powered forklifts or other propane autogas fueled vehicles, the new IRS directive may help cut your taxes. IRS has released guidance on how to claim the federal alternative fuel tax credit, which was retroactively extended on Dec.

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Epiroc Launches ‘Try-and-Buy’ Drill Rig Program

Construction Equipment

The drill is an improved version of the IR ECM 580 construction rig that tracks back from Epiroc to Atlas Copco and Ingersoll… Epiroc has introduced the Try-and-Buy program for the FlexiROC T30 R construction edition tophammer surface drill rig. The program offers free jobsite testing of the drill.

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Caterpillar Faces IRS Challenge

Construction Equipment

After last month’s Senate investigative hearing on Caterpillar’s overseas tax practices, the Internal Revenue Service has challenged the company’s tax returns from 2007, 2008 and 2009, according to a Bloomberg report.'

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Energy Efficient Commercial Building Tax Deduction 179D: What Owners Need to Know

Stok

The e nergy efficient commercial building tax deduction (IRS 179D ) is a simple way for building owners to make the most of their investment in high-performance real estate. 179D is a tax deduction for energy efficient equipment installed in a commercial building that reduces the energy cost by 25-50% in comparison to an ASHRAE 90.1

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How to Get Large Group Health Insurance Plans for Contractor Business Employees

Construction Marketing

According to the Internal Revenue Service (IRS), these workers are not deemed true employees. Both the IRS and a number of states have distinct rules that categorize workers as employees or independent contractors. Though, they usually don’t get the same benefits as full-time employees, and must provide their own equipment for jobs.

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