ICS Tax, LLC

ICS Tax, LLC

ICS Tax, LLC

BACKGROUND

The §179D Energy Efficient Commercial Building Deduction is a Federal tax incentive designed to promote taxpayers to construct energy efficient buildings as well as encourage building owners to make improvements to existing structures that reduce energy and power costs. This incentive is often referred to as the EPAct Deduction after the Energy Policy Act of 2005, which created it, or as the §179D Deduction, which relates to the Internal Revenue Code section that codified it. As an added inducement, architects, engineers, contractors, and other designers may also be eligible for the incentive on public projects.

HOW WE CAN HELP

Commercial building owners can take a Federal tax deduction of up to $1.80 per square foot of the building’s floor area if they install property that reduces energy and power costs. These installations need to be a part of the building’s interior lighting systems, heating, cooling, ventilation, hot water systems or building envelope.

HOW WE HELP WYOMING TAXPAYERS

ICS Tax can perform the necessary energy modeling and site visits to calculate the amount of the additional §179D Deduction, coordinate with your tax preparer to claim the deduction, seek assignment of deduction from government agency if required for public projects and prepare and audit-ready deliverable package.

INQUIRY FORM

ABOUT US

ICS Tax, LLC (ICS) is a consulting firm providing innovative tax planning strategies. ICS collaborates with taxpayers and their tax professionals to identify credits and incentives that reduce tax liabilities and increase profitability. We serve Cheyenne, Casper, Laramie, Gillette, Rock Springs and all other cities within Wyoming and throughout the nation.

MEET YOUR EXPERT TEAM!