IRC Section 179D and How it Can Help You Get a Tax Deduction

by | Feb 26, 2013 | Finance

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If you are a commercial property owner, then you may have heard of IRC Section 179D. While not all commercial property owners will be able to benefit from IRC Section 179D; it is important that a commercial property owner understands what this is and how it can help them to save with commercial tax deductions. Thanks to IRC Section 179D, as implemented by the IRS a deduction is now available for those who have an operate an energy efficient commercial building or those who add new energy saving elements to their commercial property before 2014.

There are many rules and regulations that govern this tax return option and according to the current standards in place, the amount of a tax deduction for any commercial building can currently not exceed $1.80 per square footage. Although there are limits to how much property owners can save, those with energy efficient commercial properties on their hands can actually safe a great deal. By taking a look at different elements of the property, such as the interior lighting system, ventilation systems, heating and cooling and more it can be determined how much in tax deductions your commercial property qualifies for as part of IRC Section 179D.

However, in order to get approved for the deduction and to find out how much all of these things impact how much you qualify for with your induction, you will need to call a professional in first to do an inspection. You will want to call an engineering firm that specializes in doing commercial building tax deduction certifications and inspections under IRC Section 179D. These professionals will not only be able to help talk you through the process but they will be able to do the inspection required for you to get approved by the IRS for your deduction. Before you hire an firm to do your inspection make sure they do the IRS certified inspection so that you can use the results directly to get your tax return.

With the right inspection company by your side you can find out just how much of a tax deduction that you are entitled to under IRC Section 179D. You may also be able to find out any changed you can make to your commercial property in order to make it qualify for more tax deductions. There are a great deal of potential savings available to many commercial property owners; all you need to do is make sure that you hire the right inspection company to help you get started.

Walker Reid specializes specifically in building tax deduction certifications under IRC Section 179D. This company is a licensed engineering firm that is dedicated to helping building owners, contractors and designers learn more about the important possible tax incentives associated with today

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