News & Blog

45L Extended Through 2020

Increase Your Cash Flow Today for Past and Future Projects Contractors everywhere are starting the new year on a lucrative foot, thanks to the extension of the 45L bill. 45L is a tax credit available to contractor’s projects for installing energy-saving elements to newly constructed single-family homes and low-rise residential buildings that reduce energy and power costs. It was a

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Tax Alert: 179D and 45L Extended Through 2020

National Tax Group is excited to announce that the 179D and 45L tax incentive legislation has been extended through 2020! We have been closely monitoring the status and working with government representatives to lobby for the extension of these expired tax incentives that we specialize in. Legislation has extended these two tax initiatives through December 31, 2020. This is major

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Hotel Owners Stay Alert

New Tax Laws for Significant Savings Every hotel owner remembers in 2017 when the Tax Cuts and Jobs Acts brought 100% depreciation into place. However, it was not until recently when they finalized the rules of what qualifies and how every hotel owner can claim these savings.  What Can Your Hotel Write Off? While the rules set in place in

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179D & 45L : Green Act 2019 Has High Chance of Passing

Growing Renewable Energy and Efficiency Now (GREEN) Act National Tax Group has closely been monitoring the Senate situation in regards to the fate of the Green Tax Credits, which is now part of the Green Act of 2019. Through the uncertainty, things are looking good for the bills that have been expired since the end of 2017. Top tax writers

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179D Update: House Returns From Recess to Continue Negotiations

The House has returned from their one-week recess on Tuesday and has been against the wire on the November 21st expiration looming overhead. Despite the Democratic party submitting their proposal a few weeks ago on how to resolve this bill, the House and Senate have not come to an agreement on the spending levels. At this point in time, spending

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Energy power

How the Solar Industry is Using R&D Tax Credits to Offset Innovation Costs

Get Rewarded for Investing in Innovation for your Solar Company The solar industry is thriving more and more with each year that passes. A new energy-efficient system is installed approximately every four minutes in the United States, and it is not projected to slow down with the increased popularity of green initiatives and global warming. The solar industry is at

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179D Update: Democrats Pushing for Energy Efficiency Bill

Things are looking good for the 179D tax incentive. As we have reported here before, this incentive, along with other energy-efficient tax codes, is included in a bill that is being pushed for. The last we heard, the Democratic Party was preparing a green energy tax bill that should guarantee a renewal or extension of specific tax incentives like the

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179D Update: Date to Watch

Over the last few months, there has been an expectation of the Democratic Party to be preparing a green energy tax bill that should guarantee a renewal or extension of specific tax incentives likes the 179D. House Democratic tax writers have claimed that the final touches are in the works, and those following along this journey with us should keep

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Close-up of hands of beautiful young designer person wearing suit using drawing compass on drafts. Attractive model working at office desk with blueprints for new project. Interior shot

Contractors, Engineers, and Architects Rejoice

New IRS regulations making it easier and more profitable to file for R&D tax credits Earlier in June, the IRS provided new guidelines that are now allowing companies to use a streamlined method of filing for R&D tax credits. This new method is currently available for amended tax returns in addition to initially filed tax returns. This is excellent news

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