IRS Extends Tax Filing Deadline to July 15 Alert | Mar 21, 2020 More About | Estate Tax Credits | Tax | Federal Corporate Tax | Real Estate Tax | Risk & Regulatory | COVID-19 The Internal Revenue Service (IRS) released Notice 2020-18 Friday afternoon, March 20, superseding previous guidance. The new notice allows all taxpayers until July 15 to file tax returns that would originally be due April 15. Read More
Section 179D – How Designers of Government-Owned Buildings Can Receive Benefits Publication | Mar 04, 2020 More About | Construction | Real Estate | Tax | Real Estate Tax | Risk & Regulatory Tax incentives for buildings are typically associated with a taxpayer and the actual owner of the building, but federal tax incentives actually allow designers of government-owned buildings the ability to allocate and transfer a tax deduction to their tax return. The incentive is tied to a special tax incentive outlined in Section 179D of the tax code regarding energy efficient buildings. Read More
Section 179D Green Incentives Retroactively Extended Alert | Jan 27, 2020 More About | Construction | Real Estate | Tax | Real Estate Tax | Risk & Regulatory On Dec. 20, 2019, the Omnibus Appropriations Bill H.R. 1865 was signed into law, which provided an extension for the Section 179D energy efficient building deduction, now allowing projects placed in service in 2018, 2019 and 2020 to be certified for qualifying energy tax incentives. The Section 179D tax deduction was originally passed as part of the Energy Policy Act of 2005; on Feb. 9, 2018, the Bipartisan Budget Act was also passed to provide a one-year retroactive extension for Section 179D for projects placed in service in 2017. Read More