From utilities to taxes to maintenance, owning a commercial building carries numerous costs. Fortunately, the federal tax code features several incentives to help offset these costs, including the §179D deduction. Created under the Energy Policy Act (EPAct) of 2005 with a goal of reducing energy consumption in buildings across the U.S., the deduction is [...]
With the enactment of a massive COVID relief spending package in December 2020, the §179D deduction for energy-efficient commercial buildings was finally made a permanent part of the tax code. After years of uncertainty due to the deduction’s previous status as a tax extender, this change was widely celebrated by building owners, primary designers, and [...]
Buying a commercial building is a major investment that carries several ongoing costs associated with owning and maintaining the building. Fortunately, however, the federal tax code offers a variety of strategies to help offset these costs by reducing your tax burden. For example, the §179D deduction (which was recently made a permanent part of the [...]
After months of deliberation, Congress passed a sweeping new $900 billion COVID relief bill on December 21. The bill, officially called the Consolidated Appropriations Act 2021, H.R. 133, was signed into law by President Trump on December 27, thereby enacting numerous measures designed to provide financial assistance for individuals and businesses impacted by the ongoing [...]
As the year enters its fourth quarter, an important deadline is looming for commercial building owners and designers seeking opportunities to minimize their tax burdens: the §179D deduction for energy-efficient buildings is currently due to expire on December 31, 2020. As one of the “tax extenders”—a group of temporary tax incentives that are only authorized [...]
A Yorba Linda, California hotel that was part of a large, national brand had recently undergone a major renovation. With improvement costs totaling approximately $5.7 million, the hotel was seeking opportunities to reduce its tax burden. After consulting Capital Review Group to identify overlooked tax incentives, our team determined that the hotel was eligible for [...]
For commercial building owners, the federal tax code offers several strategies to help offset the many costs associated with owning and maintaining a commercial property. One of these strategies is Cost Segregation, which allows building owners to reduce their tax burdens and boost cash flow through accelerated depreciation deductions. Wondering if you are eligible for [...]