Claiming Tax Incentives – S Corp vs. C Corp vs. LLC: A Comprehensive Guide
Tax incentives are an essential part of business operations in the United States. They provide a powerful source of financial support for businesses
Expansion of 179D Benefits under the Inflation Reduction Act
As the world grapples with the challenges of rising energy costs, energy efficiency and conservation have become critical for governments, businesses, and individuals.
How Can the Inflation Reduction Act Benefit Healthcare Facilities?
The Inflation Reduction Act (IRA) was signed into law last summer in an effort to stem the rising inflation. Within the IRA was an enhancement to the 179D Energy Efficient Commercial Buildings Deduction. 179D itself is essentially providing an incentive for organizations to use more energy efficient technologies for their buildings.
The Big Section 179D Tax Court Win for Designers
Alliantgroup recently won a major decision in U.S. Tax Court where the court wholly validated alliantgroup’s 179D process.
Sec. 179D Scores Wins in Congress, Tax Court, Tax Pro Says
Recent legislation and litigation involving the property deduction for energy efficient building projects should be seen as two major victories for taxpayers, particularly designers and contractors, according to a tax professional at a consulting firm specializing in the benefit.
alliantgroup Celebrates Win for Taxpayers as U.S. Tax Court Judges Rule Against Key Arguments Raised by the IRS
alliantgroup, the nation’s premier consulting firm for small and medium-sized businesses, is celebrating a historic win for taxpayers. The U.S. Tax Court issued a precedent-setting opinion on IRC sec. 179D for alliantgroup’s client.
Section 179D – Tax Incentives For Energy Efficient Buildings — Good News From Congress And The Courts
There has recently been a fair amount of activity in the world of Section 179D – an important tax incentive for energy efficient building design. As background, in 2005, Congress enacted Section 179D of the Internal Revenue Code, – the energy efficient commercial building deduction – in an effort to impact the country’s largest consumer of energy, our buildings, and to encourage and incentivize the construction (including rehab) of greener buildings.
Small-Business Tax Changes and Tips to Know in 2023
Working with a tax professional can help you understand what tax credits you qualify for and how to claim them. Tax season brings rule changes for business owners, and this year is no different.
Energy-efficient Infrastructure Projects Hold A Key Opportunity For Contractors
The COVID-19 pandemic has shown no mercy in its impact on the construction sector, inducing a storm of high costs and volatility from materials to labor. According to a recent survey by the Associated General Contractors of America and Autodesk, 93% of contractors have been impacted by the supply chain disruption-induced rising material prices, and 88% are experiencing project delays.
How to Claim Section 179D Energy Efficient Tax Deduction
Did you know that you can save thousands of dollars through a federal tax incentive on work done to make government buildings more environmentally sound? The 179D energy efficient tax deduction is a tax saver that can be applied on energy-efficient improvements to commercial and government-owned buildings.