Walker Reid Strategies

Navigating §179D Deductions: The Crucial Lessons from United States v. Oehler

As a subject matter expert in 26 U.S.C. § 179D, the recent case of United States v. Oehler underscores the vital importance of engaging experienced and reputable firms, like Walker Reid Strategies, to guide you through the complex landscape of energy-efficient commercial building deductions.   Click here for the original case: United States v. Oehler Why […]

Tax Benefits for Green Homes: ENERGY STAR vs. ZERH

The landscape of residential construction is shifting significantly towards energy efficiency, especially now that the federal government has upgraded a powerful tax benefit program to drive this change: the §45L tax credit.  This credit offers substantial advantages for developers constructing homes that meet specific energy-efficient standards. Let’s understand how green home developers can maximize §45L […]

Improving Energy Efficiency in Construction Projects

The construction industry significantly impacts the environment, but there’s a growing movement toward sustainability that builders, contractors, and developers simply cannot ignore. The path towards promoting energy-efficient building practices is by utilizing tax incentives such as §179D and §45L, crucial in offering substantial financial benefits to those who adopt sustainable practices. The Impact of §179D […]

Inflation Reduction Act -IRS Issues Announcement Updating ASHRAE Standard 90.1 for 2028 and later

IRA UPDATE -IRS Issues Announcement Updating ASHRAE Standard 90.1 for §179D On May 17th, 2024 the Internal Revenue Service Issued Announcement 2024-24, affirming the applicable standards to be used for §179D Energy Efficient Commercial Building Tax Deduction, starting January 1st, 2023. The announcement clarifies that the reference standard to be used for projects being placed […]

Maximizing Benefits for Developers with the §45L Tax Credit

The §45L Energy-Efficient Tax Credit presents a fantastic opportunity to slash your tax bill while creating eco-friendly living spaces.  Not only does §45L contribute to a healthier environment by reducing greenhouse gas emissions and total energy consumption, but it also offers significant financial benefits to developers. If you are the developer of apartments, condominiums, single-family […]

The Impact of §179D Deduction on Tax Exempt Buildings

The landscape of tax benefits for energy-efficient construction has undergone a significant transformation in 2023 with the updates to Section 179D. In this blog, we will explore how this program empowers tax-exempt organizations and unlocks exciting opportunities for design professionals like architects, engineers, and design-build contractors. §179D Changes  179D is a deduction that incentivizes energy-efficient […]

How §179D Deduction is Driving Sustainable Growth & Development

In a world grappling with climate change, sustainable development has become vital to our collective future. At the intersection of environmental responsibility and economic incentive, §179D Deduction of the Internal Revenue Code is emerging as a potent catalyst for sustainable commercial building growth. At Walker Reid, we are committed to helping businesses navigate the intricacies […]

Why CPA Firms Are Embracing Tax Preparation Outsourcing?

Why CPA Firms Are Embracing Tax Preparation Outsourcing  In the aftermath of the tax season, CPA firms are still caught up in a whirlwind of client inquiries, meticulous calculations, and applying for extensions. The surge in workload during this time can be overwhelming for firms striving to provide excellent service to their clients. Amidst this […]

Architects & Engineers Handbook to Claiming the §179D Deduction

Internal Revenue Code §179D provides financial incentives to architects, engineers, and design-build contractors for energy-efficient design work for tax-exempt buildings. Many businesses are concerned about prospective changes to the tax law, particularly concerning significant sections like carried interest, capital gains, 1031 exchanges, and more. Thanks to a move by Congress, an architect and engineering firm-often-ignored […]