Core Services

Cost Segregation Services

The goal of cost segregation analysis is to segregate assets into distinct class categories including personal property, land improvements, and structural components.

45L Tax Credit

The Tax Increase Prevention Act of 2014 allows the incentive to be claimed retroactively for all residential developments built within the last three years and any unused credit can be carried forward for up to 20 years.

179D Energy-Efficient Commercial Buildings Deduction

The tax provision was implemented through the 2005 Energy Policy Act (EPACT) and was extended through December 31, 2020, by the Tax Extender and Disaster Relief Act of 2019.

Renewable Energy Investment Tax Credit

Make money from funds that would have been used to pay taxes.

Installment Sales

An installment sale can be a great way to defer paying capital gains tax for up to 30 years.

Conservation Easements

Capitalize on what Congress has made available to direct high-impact social investing through land conservation.

Cost Segregation is a process of identifying real-estate property or building components that will generate accelerated depreciation deductions and federal tax deferrals.

By identifying your property components and reclassifying those assets, you can generate an immediate tax depreciation deduction in the current tax year, tax deferrals, significant cash flow benefits from real estate operations, and an opportunity to redeem depreciation deductions in preceding years.

179D Tax Deduction


Section 179D (Energy-Efficient Commercial Buildings Deduction) was extended through December 31, 2020 by the Tax Extender and Disaster Relief Act of 2019. The deduction grants commercial builders or building owners to claim a tax deduction for up to $1.80 per square foot for their energy-efficient structure or buildings during the open tax years

Who Can Qualify for the 179D Deduction?

Commercial Building Owner

Commercial Tenants Owning an HVAC Asset

Government Building Designers/Engineers

What Buildings Can Qualify?

Office Buildings

Retail Buildings

Warehouses

Apartment Buildings - Four Stories or Greater​

Industrial Buildings​

Government-Owned Buildings​

Section 45L or Energy Efficient Home Tax Credit is a tax provision that allows qualifying contractors to claim up to $2000 credit for meeting energy-efficient standards from their systems and installations operated around August 5, 2005, and December 31, 2020.

The Tax Increase Prevention Act of 2014 allows the incentive to be claimed retroactively for all residential developments built within the last three years and any unused credit can be carried forward for up to 20 years. There is no maximum number of units when claiming for the credit as long as your property meets the qualified energy-efficiency standards.

R&D Tax Incentives are available for businesses that have qualified research and development practices that are operating either globally, at a federal, and multi-state level. Presently, there are over a hundred countries and over forty states offering these valuable incentives. It remains one of the excellent sources for companies to tremendously cut down their tax liability.

The Four-Part Test

To qualify for the R&D tax credit, the research and development efforts of your business must be determined to meet the following criteria established by the IRS:

Elimination of Uncertainty

The business activity performed must prove that it made attempts to eliminate uncertainty in regards to the method or design of the development or enhancement of a product or process.

Process of Experimentation

The business activity must demonstrate an evaluative process that can perform an identification and evaluation method with several alternative ways to get the desired result. This may involve a systematic trial and error testing, simulation, modeling, and other processes.

Qualified Purpose

The purpose of the activity must be to create or design new and improved products or processes that result in improved quality, functionality, reliability and performance.

Technological in Nature

The experimentation process of the business must rely on the principles of hard sciences such as engineering, biology, chemistry, physics, or computer science.

The Qualified Research Expenses (QREs)

Aside from the activities that qualify for the R&D tax credit, the expenses incurred by performing these activities also make you eligible towards the credit when it includes the following types:

Wages that are paid to employees for conducting, supervising, or supporting the qualified research.

Supplies or any tangible property (except for land, land improvements, and properties that are likely to depreciate) that are used and consumed in the course of research and development.

Contract Research Expenses that are paid to third parties who operate QRA’s (Qualified Research Activities) on behalf of the taxpayer despite the prevailing result of the activity.

In March 2020, the government created new legislation that would provide financial aid and assistance to individuals and real estate investors in response to the coronavirus pandemic. Below are a list of topics covered:

Contact us

mark@specialtytaxadvisors.com
(833) 273-4949

Office hours

Monday – Friday: 8am – 5pm
Saturday: By appointment
Sunday: By appointment

Contact Us for a Free Consultation