Expert Advice on Green Buildings

Tax Returns for 179d EPAct: Taking Advantage of Energy Efficiency in Prior Years

   

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Question:

Peter asks: Hi, we are in Connecticut and invested significantly in energy efficiency for our commercial property in 2007. We were not aware of the EPACT rules... can we take advantage of the tax rules retroactively for the work we did in 2007? Any assistance would be helpful.

Answer:
Advice provided by: Matthew Rader, LEED AP, CBRE
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Hi Peter,

Thank you for your question. Regarding your question as to whether or not you may take advantage of energy efficiency investments you made in prior years, but failed to account for on your tax returns, the answer is yes.

If the work that you have done meets all the criteria for the 179D (EPAct) rules, then you may amend your return and take advantage of the benefit.

Thanks very much.

Related Advice:

Expert Advice and Comments

179D Tax Incentives

Hello All,

You can now go back to 2006 and claim these incentives through a change in accounting.

I work for Engineered Tax Services that provides these 179D studies across the US. We use the approved IRS Trace 700 software with our licensed engineers. We have $3M Error & Omission insurance and provide full audit defense at no extra cost if ever needed.

Feel free to give me a call to learn more and see how much your building qualifies for!

Melanie Sincich
Engineered Tax Services
440-567-9067
msincich@engineeredtax.com

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