At The Law Office of Pietro Canestrelli, A.P.C., we understand that navigating the complexities of business taxation can be daunting. Serving clients throughout California and the United States, our experienced team is committed to helping businesses identify and maximize tax relief opportunities in 2025.
1. Employee Retention Credit (ERC)
The ERC is still available for retroactive claims, especially for businesses that retained employees during the COVID-19 pandemic. Eligible businesses can file amended Form 941-X for applicable quarters in 2020 and 2021.
2. Research and Development (R&D) Tax Credit
This valuable credit is accessible to more than just tech firms. If your company is innovating—developing new processes, software, or prototypes—you may qualify. Our R&D tax credit lawyers help businesses across the country claim this benefit correctly.
3. Work Opportunity Tax Credit (WOTC)
WOTC offers up to $9,600 in credits per qualified hire. Employers who hire individuals from targeted groups (e.g., veterans, long-term unemployed) can benefit significantly by filing the necessary forms within 28 days of hire.
4. Section 179 and Bonus Depreciation
Businesses investing in equipment or software can claim up to $1,220,000 in deductions in 2025 under Section 179. Bonus depreciation at 60% also applies to new purchases. Timing is key—our tax attorneys guide clients in California and across the U.S. through this process.
5. Net Operating Loss (NOL) Strategies
NOLs can be carried forward to offset future profits. We assist businesses in evaluating whether carryforward strategies could benefit them under the current tax code.
6. Qualified Business Income (QBI) Deduction
Pass-through entities like LLCs and S-corporations may deduct up to 20% of qualified income. The QBI deduction expires after 2025 unless extended. We advise business owners nationwide on how to preserve this benefit.
7. Offer in Compromise (OIC)
For struggling businesses with significant tax debt, an OIC can be a life-saver. Our attorneys negotiate settlements with the IRS on behalf of businesses that can’t pay in full.
8. Installment Agreements
If an OIC isn’t feasible, long-term payment plans are a practical way to resolve IRS liabilities. We help business owners across the country negotiate manageable installment terms with the IRS.
9. Penalty Abatement
The IRS may waive penalties for reasonable cause—such as illness or natural disaster. We assist clients in preparing and submitting abatement requests backed by legal reasoning and documentation.
10. California State Tax Relief
We help businesses understand and apply for programs like California’s Competes Tax Credit and FTB payment plans. Whether you’re in Temecula, San Diego, or elsewhere in California, our team is ready to support you.
Get Help from a Trusted Business Tax Attorney
The Law Office of Pietro Canestrelli, A.P.C. provides customized legal support for businesses seeking tax relief in 2025. Whether you’re in California or operating anywhere in the U.S., we help you minimize liabilities, stay compliant, and plan ahead with confidence.
Ready to reduce your tax burden? Contact us today to schedule a consultation and explore your business tax relief options.
