Congress has passed legislation to encourage property owners to build energy efficient real estate properties to promote reduction in energy consumption. The Emergency Economic Stabilization Act of 2008 extends these benefits through December 31, 2013, which means the deduction can be claimed for buildings placed in service from January 1, 2006 through December 31, 2013. The benefits are up to $1.80 per square foot tax deduction for commercial property owners, architects, contractors, residential homeowners and site home builders.
Early in the morning on December 2, the U.S. Senate passed its version of the…Read More
The Protecting Americans from Tax Hikes (PATH) Act, enacted in 2015, provides unique incentives to…Read More
With tax reform proposals winding their way through Congress, year-end tax planning has become infinitely…Read More