IRS Updates 179D Guidance with Refined Expectations
The Internal Revenue Service (IRS) recently updated its Large Business & International (LB&I) Process Unit guidance concerning the 179D Tax Deduction. Following the introduction of Form 7205, the IRS continues to sharpen its focus on 179D, and choosing the right provider matters more than ever. The latest LB&I guidance provides critical insights into how claims … Read More
Trump’s Pledge to Repeal Green Energy Incentives Faces GOP Resistance
By Jonathan Tucker | Principal, Research & Development Tax Credits There are developments within the Republican Party, as 21 House Republicans have urged President Trump and House Speaker Mike Johnson (R-Louisiana) not to repeal specific green tax incentives established under the Inflation Reduction Act (IRA) of 2022, enacted during President Biden’s administration. These lawmakers emphasize … Read More
Consider 179D Now In Case Tax Reform Reduces the Benefit
By Jesse Stanley | Principal, Green Building Tax Incentives As policymakers continue to discuss tax priorities, 179D candidates—particularly architects, engineers, and other designers—face growing uncertainty around the future of this powerful deduction. With potential legislation threatening to scale back benefits, design professionals who rely on 179D to demonstrate value and reduce taxable income should consider acting … Read More
Leveraging 179D to Strengthen Relationships in the Design Community
By Jillian Jones | Director, Green Building Tax Incentives The 179D Tax Deduction is a powerful tax incentive for architects, engineers, and designers working to improve energy-efficiency in government, nonprofit, and other tax-exempt buildings. However, when it comes to allocating the deduction to the designers, tax-exempt entities have historically done so on a first-come, first-served basis, creating … Read More
KBKG Joins Organization to Advocate for Architects
KBKG Principal Jesse Stanley has joined the Real Estate Roundtable’s Sustainability Committee. Stanley joins other KBKG principals involved in the organization, adding to KBKG’s influence in developing legislation for a more sustainable future. The Real Estate Roundtable is an association that represents the commercial real estate industry and established the Sustainability Committee to address the … Read More
KBKG Proudly Promotes Jesse Stanley to Principal of Green Building Tax Incentives
PASADENA, Calif. – September 25, 2024 – KBKG, a nationwide leader in specialized tax services and solutions, proudly announces the promotion of Jesse Stanley to Principal, joining its executive team. In his elevated role, Stanley will oversee and lead all of KBKG’s Green Building Tax Incentives (GBTI) services, including the 179D Tax Deduction and the … Read More
ASHRAE Standards for Energy-Efficient Buildings
The 179D Tax Deduction offers significant financial rewards for designers who reach specific energy-efficiency benchmarks defined by the American Society of Heating, Refrigerating, and Air-Conditioning Engineers (ASHRAE) on their designs of government-owned or tax-exempt buildings. ASHRAE 90.1 determines the energy-efficiency criteria that designers need to meet to reap the benefits of 179D. Currently, the required … Read More
Why Allocation Letters are Needed to Claim 179D
By Jillian Jones, Director – Green Building Tax Incentives Architects and designers play a crucial role in creating energy-efficient, tax-exempt buildings, and many need to be made aware of how the government rewards those that contribute to constructing energy-efficient projects with various Green Building Tax Incentives. Through programs like 179D Tax Deduction, eligible candidates can … Read More
A Guide to Claiming the 179D Deduction
Using the 179D Deduction Successfully running and managing a business requires paying attention to a lot of things, including tax planning. Taxes get complicated, and it can be tough for the average business owner to know which deductions and credits could benefit their company. Take the 179D deduction. This provision allows eligible taxpayers to get … Read More
Green Building Tax Incentives and The IRA’s Expanded Benefits
Green Building Tax Incentives and the IRA’s Expanded Benefits Building a Greener Future: how commercial building owners, multifamily developers, and designers can benefit With a goal of substantially reducing greenhouse gas emissions by 2030, the federal government has expanded a series of Green Building Tax Incentives. These initiatives represent a crucial step in the larger effort to … Read More
