
New IRS Form 7205 for the 179D Energy Efficient Commercial Building Deduction
The Internal Revenue Service (IRS) recently released Form 7205, which taxpayers can use to claim the 179D Energy Efficient Commercial Building Deduction. This deduction is available to commercial building owners and architects installing energy-efficient improvements, such as HVAC and lighting systems, and building envelopes. To qualify for the deduction, the improvements must meet certain requirements. The improvements must be