Anthony V. Ricci, CPA, Inc. is a full-service Certified Public Accounting firm licensed in RI.
All our CPA's hold valid RI State CPA Certificates. We specialize in small business accounting, bookkeeping, tax planning, tax preparation, and QuickBooks®. Our senior staff members concentrate on tax-planning strategies, estate & trust taxation and financial statements. We represent taxpayers before the IRS and State tax audits as well as back taxes, offer-in-compromises, collection and tax appeals. For over thirty years we have been providing taxpayers a peace of mind. Staying on top of the latest, ever-changing, tax laws and maximizing your deductions is what we do best! Quickbooks training and problem solving for RI, MA & CT and remote QuickBooks support in all 50 states. If you're a business owner or an individual, Financial Planning is the key to increasing your after-tax-wealth. Visit our blog and be sure to sign up for our newsletters to get tax updates straight to your inbox!
QuickBooks® ProAdvisor
CFP® certified founder
30+ years of experience
Full-service CPA firm
Services
Individual Tax Preparation
Tax preparation services for individuals.
Free consultationIRS audit representation
Small Business Accounting
Accounting services for small businesses.
BookkeepingPayroll
Payroll Services
Payroll processing and compliance.
Payroll processingTax withholding
Part-Time CFO Services
Strategic financial guidance for growing businesses.
Financial planningCash flow management
Audits - Reviews - Compilations
Various levels of financial statement assurance services.
AuditReviewCompilation
QuickBooks Services
QuickBooks® setup, training, and support.
SetupTrainingRemote support
Credentials & Certifications
CPA
Since 1986
CFP®
Since 1986
CITP
Since 1986
RFC
Since 1986
PFS
Since 1986
Reviews
Rating
4.9
★★★★★
Reviews
51
"His Team has been patient with us, and his service is excellent!"
Frequently Asked Questions
Who can use this credit? +
Must be an existing home & your principal residence. New construction & rentals DO NOT apply.
Can I do the install myself for the tax credit? +
Yes, you can install the eligible product yourself, you are not required to have a particular contractor do the install. Many of the energy efficiency tax credits allow the cost of installation/labor to be included in the eligible amount. However, if you install the product on your own, you cannot claim a labor charge for the installation. There is no basis for which to charge the government for your time.
Is the tax credit non-refundable? +
Both the Energy Efficient Home Improvement Credit and the Residential Clean Energy Property Credit are nonrefundable personal tax credits. A taxpayer claiming a nonrefundable credit can only use it to decrease or eliminate tax liability. A taxpayer will not receive a tax refund for any amount that exceeds the taxpayer’s tax liability for the year.
Are roofing expenditures that were necessary for the installation of solar panels eligible for the Residential Clean Energy Property Credit? +
In general, traditional roofing materials and structural components do not qualify for the Residential Clean Energy Property Credit because they primarily serve a roofing or structural function. However, some solar roofing tiles and solar roofing shingles serve as solar electric collectors while also performing the function of traditional roofing, serving both the functions of solar electric generation and structural support and such items qualify for the credit.
May a taxpayer claim a credit if the qualified property is also used for business purposes, such as in a dwelling unit in which the taxpayer also conducts a business? +
For both credits, if a taxpayer uses property solely for business purposes, the property will not qualify for the credit. A taxpayer who qualifies for the credits and whose use of the qualified property for business purposes is not more than 20%, may claim the full credit. For a taxpayer who otherwise qualifies for the credits, but whose use of the qualified property for business purposes exceeds 20%, the taxpayer must calculate the amount of credit by including only that portion of the expenditures for the property that are properly allocable to use for nonbusiness purposes.
May a taxpayer claim the credits in the year of purchase if installation of the qualifying property occurs in a later year? +
4.9
