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Architects leverage Inflation Reduction Act

How can Architects Leverage the Inflation Reduction Act and Energy Efficiency Tax Incentives?

The Energy Efficient Commercial Buildings Deduction (Section 179D) and the New Energy Efficient Home Credit (Section 45L) were improved by the August 2022 passage of the Inflation Reduction Act (IRA). Here’s all the information you need to take advantage of these tax incentives efficiently. Section 179D: Energy-Efficient Commercial Buildings Deduction For projects between January 1, 2005, and December 31, 2022,

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How Sec 174 Impacts R&D Companies’ Taxable Income

Following the modifications to Internal Revenue Code Section 174 implemented by the Tax Cuts and Jobs Act (TCJA), specified research and development (“R&D” or “R&E”) expenses are no longer deductible beginning with the 2022 tax year. The elimination of the current-year SRE expenditure deduction will impose a significant tax penalty on many enterprises involved in research, engineering, manufacturing, product, and

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Section 179D Deduction: A Detailed Overview

Commercial builders and owners of commercial properties (as well as residential buildings with four stories or more) must remain informed about the most recent criteria for claiming the 179D tax deduction, a component of the savings provisions established by the Inflation Reduction Act. The implementation of this tax deduction, which is designed to promote the energy efficiency of commercial buildings,

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Answering 6 Common Concerns Regarding Cost Segregation Studies

One cannot emphasize how crucial cost segregation study is for companies and real estate investors. Taxpayers can significantly lower their tax burden and increase their available cash by expediting depreciation. Cost segregation increases cash flows by accelerating depreciation deductions and offers real estate owners considerable tax planning advantages. The potential savings from a cost segregation study can vary, as does

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CPACE Financing: Developers’ Go-to Green Option to Solve Capital Crunch

Developers of commercial real estate are negotiating a challenging market. Completing a ground-up construction deal in today’s market is difficult due to pressure on construction prices from supply chain challenges and labor shortages, the present interest rate environment, and a constricted financing market that limits realistic funding alternatives. Although it can take some time for new financing vehicles to gain

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Extending & Expanding 179D under the Inflation Reduction Act

Governments, corporations, and people must prioritize energy efficiency and conservation as the globe struggles with growing energy expenses. To combat inflation, boost domestic energy production, and lower carbon emissions in the country, the Inflation Reduction Act (IRA), which includes extensive measures addressing energy, health, and targeted tax policies, was signed into law in the United States. The extension of the

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IRS Updates Section 45L Tax Credit

On September 27, 2023, the Internal Revenue Service (IRS) issued Notice 2023-65, which introduced significant updates and changes to the Section 45L New Energy Efficient Home Credit. The crucial tax credit has been modified and extended through 2032 as part of the Inflation Reduction Act (IRA). With effect from January 1, 2023, this federal benefit is now directly linked to

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Revisions to Form 6765 R&D Credit

On September 15, the Internal Revenue Service shared proposed revisions to Form 6765, “Credit for Increasing Research Activities,” requesting stakeholder comments by October 31. These modifications might result in significant changes to the R&D Tax Credit from 2024 onwards, adding to the hardship faced by taxpayers filing to claim the federal credit.   The agency released an adjusted version of

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7 C-PACE Financing Myths Debunked

Financing C-PACE projects (Commercial Property Assessed Clean Energy) is one of the fastest-growing nationwide funding options for new construction and renovation projects. The practical structure of C-PACE financing is used by more owners, sponsors, and developers to improve the sustainability of their projects. C-PACE financing frequently replaces more costly preferred stock, mezzanine debt, or bridge financing. Usually, C-PACE funding can

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IRS notice 2023 and how it impacts R&D tax credits

Today, the IRS has unveiled an early release of Notice 2023-63 , designed to offer preliminary guidance aimed at clarifying the application of section 174, as modified by Pub. L. No. 115-97, often referred to as the “Tax Cuts and Jobs Act” (TCJA).   This notice encompasses guidance on the following matters: 1. Capitalization and amortization of specified research or experimental (SRE)

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