Published Article on 179D Tax Deductions use in the Roofing Industry
We would like to take a moment and Congratulate our director of engineering Nelson E. Marin for recent article that was published in Roofing the Industry’s Voice read the article below! Do Your Past Commercial Projects Qualify for an Unused Tax Deduction? Do Your Past Commercial Projects Qualify for an Unused Tax Deduction? Since 2006, IRS […]
Up to the Minute 179D Tax Deduction Legislative Update: House Passes Tax Extenders Package
The House just passed a one-year extension of the tax extenders package. The Tax Increase Prevention Act (HR 5771) was introduced by GOP leaders late on December 1, 2014 and was just passed by the house on 12/3/2014. Once adopted by the Senate and signed into law the House bill will extend the now-expired incentives […]
Up to the minute 179D Tax Deduction; Tax Extenders Legislative Update
Following the threat of the presidential veto issued by the White House last week. It appears that the likelihood of the 2 year extenders package, which originated in the Senate Finance Committee (Expire act), will result in a one-year extension (including 179D Tax Deduction) making all expired provisions active through the end of 2014. The […]
179D Tax Deduction and tax extenders during Lame Duck
A message to our clients and interested parties regarding the extension of 179D Tax Deduction As we approach the end of 2014 with Tax extenders still in limbo, we see the same question asked over and over again…is Congress going to get a Tax Extenders Bill done? Currently the real answer is that no one […]
Becoming Familiar With 179D Tax Deduction
For many, understanding how to manage specialty tax incentives can be difficult which is why there are tax specialists such as Walker Reid who aim to help educate the business community about the benefits of specialty tax incentives like the 179D Tax Deduction. With Walker Reid, we specialize in 179D Tax Deduction, which became part […]
Business Owners Can Be Optimistic About 179D Tax Deductions
Even though maximal deductions of the past 179 tax section were more than double than what they are now business taxpayers can still be hopeful towards a future extension. For those who did not already know, section 179 of the tax code serves business taxpayers who are currently deducting approved equity throughout the tax year, […]
179D Tax Deduction Status and Extension Update
With the proposed extension of Section 179D Tax Deduction in the EXPIRE Act currently blocked in the Senate by a battle over the allowance of amendments, we look at the house for possible action. Chairman Camp of the House Ways and Means Committee has implemented an approach different than the extenders bill proposed in the Senate. His […]
Can lighting retrofits in unconditioned facilities qualify for a full 179D Tax Deduction ( $1.80/SF Deduction)?
With the increasingly modern improvements of Lighting Retrofits to Warehouse/Distribution and Manufacturing facilities, many are aware that a year one deduction of up to $0.60/SF may be available through the EPAct 179D Incentive. This method of qualification is typically done under the IRS’s “Interim Rule.” Many are not aware that in retrofits with aggressive power […]
New 179D Tax Deduction preferred provider in CPAmerica
In a press release by CPAmerica this week, Walker Reid Strategies was welcomed as a new preferred provider to the organization, providing 179D Tax Deduction services as well as 45L Energy Efficient Home Tax Credit services. We are excited to be a part of such a great organization and are looking forward to a great […]
179D Tax Deduction included in Tax Extenders Markup by Senate Finance Committee
Over the past few weeks, there have been lots of activity on The Hill with regards to tax extenders. On April 3, 2014 the Senate Finance Committee concluded its markup of a tax extenders package. The Section 179D Tax Deduction (including some modifications) was included in the markup through 2015, fully outlined in the Moorcroft […]
