IRS Releases New Practice Unit on IRC 179D Deduction: Why Expert Guidance is Key to Compliance
On February 27, 2025, the IRS Large Business and International (LB&I) division released a comprehensive Practice Unit on the IRC 179D Energy Efficient Commercial Building Deduction. This document—aimed at IRS examiners—serves as both a training tool and procedural guide for audits and claims involving 179D deductions. While not official law, these Practice Units offer a […]
Navigating IRS Crackdowns, Section 174 Adjustments, and How 179D Deductions Can Help Architects, Engineers, and ESCOs
The IRS Is Watching: What Architects, Engineers, and ESCOs Need to Know The IRS is ramping up its enforcement efforts, and if you’re in the architecture, engineering, or energy services industries, you need to be paying attention. The latest IRS campaign focuses on tax disclosure compliance, whistleblower incentives, and cracking down on taxpayers who aren’t […]
The benefit of “new phase” energy-efficient improvements to previously claimed 179D projects
The benefit of “new phase” energy-efficient improvements to previously claimed 179D projects Until the passage of the Inflation Reduction Act of 2022, property owners had a lifetime max per building of $1.80/sf to pursue Section 179D tax deductions: There’s an important new change that property owners should also know about. Prior to IRA […]
What are the 2023 updates to Form 8908?
What are the 2023 updates to Form 8908? Form 8908 is the document eligible contractors use to claim the Section 45L tax credit. This IRS credit incentivizes homebuilders and developers to construct energy-efficient residential properties. Continuing to leverage this credit provides substantial tax benefits and actively contributes to promoting sustainable and eco-friendly housing options. […]
