DHG | Dixon Hughes Goodman LLP > Services > Tax

DHG offers tax services specific to real estate transactions. Whether you need assistance with capital gain planning, advice on like-kind exchanges or help with complex depreciation rules, DHG's professionals have experience to assist you.

DHG is committed to providing clients with a team of professionals dedicated to serving as successful tax credit advisors. We have vast experience in the low-income housing, historic and new markets arenas, and also in the newly emerging renewable energy tax credit market. We pride ourselves on knowing the industry, how to navigate complex transactions that are often needed to get a project completed as well as networking with other professionals to make sure we stay abreast of hot topics and industry trends.

Whether your company is considering investing in an existing project or new construction, analyzing projected investor returns, complying with state housing requirements or struggling with exit strategies, our professionals are available to you every step of the way.

Our offerings include:

Cost Segregation Studies
45L Certifications
179D Certifications
Fixed Asset Reviews
Like Kind Exchanges
State & Local Tax Abatements & Incentives

45L Tax Credit

The Energy Efficient Home Credit, known as 45L, provides a tax credit for each qualifying new energy efficient residence built by an eligible contractor between August 8, 2005 and December 31, 2016. The tax credit typically amounts to $2,000 per residence, and there is no restriction on the property being used as the claimer’s principal residence, meaning multiple residences can be claimed by developers and contractors. Further, since the 45L benchmark was based on earlier standards, most recently built homes exceed the standards and qualify. This means potentially tremendous savings on apartments, college and university dorms as well as traditional homes.

DHG, in partnership with leading energy engineers, has the technical knowledge and experience to deliver the proper certification and documentation needed to qualify for this credit.

For more information about the 45L tax credit and how it applies to you, contact Rudy Thomas at 843.727.3205 or Stuart Nofsinger at 843.727.3433.

Section 179D Program

Maximize Tax Savings for Energy Efficient Buildings; Rebates Possible Too

Section 179D of the Internal Revenue Code allows immediate tax deductions for energy-efficient projects placed in service from January 1, 2006 through December 31, 2016. In addition to 179D benefits, energy efficient features may also qualify for utility rebates or state tax incentives. Generally, these deductions may be claimed by the owner of the building. In the case of government buildings, the designer (architect, engineer, design/build contractor) may claim the deductions.

DHG has teamed with Energy Design Service Systems (EDSS), a national certified energy consultant, to provide comprehensive services that determine a building's eligibility and maximize the project's tax deductions and rebates. Our team brings a cohesive, integrated approach to clients offering turn-key services.

This one resource service team is designed to ensure a smooth completion of what can often be a confusing and complex process. Our approach helps assure clients that they will receive maximum benefit with professional assistance in taking the right steps.

Why the DHG/EDSS Advantage?

179D is a complex provision of the Internal Revenue Code that requires both engineering and tax knowledge. The DHG/EDSS team brings together both of these disciplines in order to simplify the process for our clients.

From determining eligibility of existing projects to advising how to take full advantage of benefits for those still being planned, DHG and EDSS is your team in energy and tax efficiency.

Please contact us for more information about how our team can help you take advantage of this benefit for energy incentive services.

For more information about the 179D tax deduction and how it applies to you, contact Robert Bradham at 843.727.3248.

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IRS Extends Tax Filing Deadline to July 15

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.

Section 179D – How Designers of Government-Owned Buildings Can Receive Benefits

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.

Section 179D Green Incentives Retroactively Extended

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.