Energy Efficiency Incentives Archives - Page 4 of 5

Nov 12, 2019 The Fate of the §179D Energy Efficient Commercial Building Deduction and the §45L Energy Efficient Home Credit

Almost daily, I receive questions about the status of the §179D Energy Efficient Commercial Building Deduction and the §45L Energy Efficient Home Credit. These two incentives encourage sustainable building practices as well as stimulate the economy and create jobs....

Jun 18, 2019 “Taxpayer Certainty and Disaster Tax Relief Act of 2019” Seeks to Extend 179D Energy Efficient Commercial Building Deduction and 45L Energy Efficient Home Credit through December 31, 2020

Some promising news for responsible building owners, home builders, and those who design energy efficient public buildings...

May 16, 2019 Senate Finance Committee Established Task Forces to Consider Tax Extenders, which Include the 179D and 45L Energy Efficiency Incentives

The Senate Finance Committee has established bipartisan task forces to evaluate tax provisions that expired or expire between December 31, 2017 and December 31, 2019. Chairman Chuck Grassley said on the Senate floor that their work would begin immediately and wrap up by the end of June. Among other provision, the §179D Energy Efficient Commercial Building Deduction (§179D Deduction) and the §45L Energy Efficient Home Credit (§45L Credit) are under consideration....

Feb 28, 2019 Proposed Legislation Titled “Tax Extender and Disaster Relief Act of 2019” Seeks to Extend §179D and §45L Energy Efficiency Tax Incentives through December 31, 2019

Today, the “Tax Extender and Disaster Relief Act of 2019” was introduced by Chairman Grassley and Ranking Member Wydenhis, which seeks to extend several expired tax incentives including the §179D Energy Efficient Commercial Building Deduction (§179D Deduction) and the §45L Energy Efficient Home Credit (§45L Credit)....

Feb 1, 2019 New Tax Court Case: Taxpayer Failed to Meet Definition of “Designer” under §179D Energy Efficient Commercial Building Deduction Allocation Rule

A recent court case denied a taxpayer the Energy Efficient Commercial Building Deduction under IRC §179D since it could not substantiate that it was the “Designer” under the incentive’s allocation rule....

Dec 17, 2018 New IRS Chief Counsel Memo Provides Clarification as to Eligible “Designer” for §179D Energy Efficient Commercial Building Deduction on Public Projects

On December 7, 2018, the IRS Office of Chief Counsel released AM 2018-005, which is a memorandum explaining the eligibility for allocation of the §179D Energy Efficient Commercial Building Property Deduction (§179D Deduction) for “designers” of public projects....

Nov 27, 2018 Proposed Legislation Titled “Retirement, Savings, and Other Tax Relief Act of 2018” Seeks to Extend §179D and §45L Energy Efficiency Tax Incentives

This week, the House released proposed legislation titled “Retirement, Savings, and Other Tax Relief Act of 2018”, which seeks to extend several expired tax incentives including the §179D Energy Efficient Commercial Building Deduction (§179D Deduction) and the §45L Energy Efficient Home Credit (§45L Credit)....

Apr 17, 2018 Mike Piper Joins Real Estate for Breakfast Podcast

CEO Mike Piper joined the Real Estate for Breakfast podcast to explain Public-Private Partnerships (P3s) and tax strategies. Mike shared his wealth of expertise regarding beneficial tax tactics to both public and private entities who invest in student housing facilities....

Mar 29, 2018 Tax Reform is Here: What You Must Know About Accounting Methods

Simply put, accounting methods are how income and expenses are reported for tax purposes. Changing a taxpayer’s accounting method may seem as easy as switching a setting in QuickBooks, but it’s actually a complex process that requires knowledgeable, experienced professionals to help organizations deal with the required IRS formalities....

Feb 9, 2018 Trump Signs Spending Deal, Extends §179D Commercial and §45L Residential Energy Efficiency Incentives

On Friday, February 9, President Trump signed The Bipartisan Budget Act of 2018, which is a massive budget package that lifts spending caps while funding the government through March 23, 2018. Part of the Act retroactively extends the §179D Energy Efficient Commercial Building Deduction as well as the §45L Energy Efficient Home Credit....