Leveraging the 179D Energy Tax Deduction for Architecture and Engineering Firms

IRC Section 179D energy tax deductions continue to provide opportunities and benefits for architecture and engineering (A&E) firms. Scott Duda, Leader of Cherry Bekaert’s Professional Services Industry practice, sat down with Ron Wainwright, a Partner in the Firm’s Tax Credits & Incentives Advisory practice, and Sean O’Leary, a Senior Tax Manager to discuss ways 179D can help provide A&E firms with a competitive advantage.

This podcast includes:

• An overview of 179D and its potential benefits
• Types of real estate investments eligible for 179D
• Technical requirements to meet the energy-efficient benefits
• Impact on A&E firms from 179D provisions for government-owned properties
• Client case study
• Issues and impact of the Audit Technique Outline on 179D

If you have any questions specific to your business needs, Cherry Bekaert’s Tax Credits & Incentives Advisory team is available to discuss your situation with you.

Related Insights:

• Case Study: Global A&E Firm Saves $2 Million with 179D Tax Deduction
• Podcast: The Benefits of using a CPA Firm to Perform Credits & Incentives Projects