8 Accordion - Level 1 - Service Categories

Tax

8 Accordion - Level 2 - Tax

Preparation, Planning & Consulting

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Credits, Deductions, Incentives & Methods

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Controversy & Dispute Resolution

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International

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Legal

8 Accordion - Level 2 - Legal

Bankruptcy

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Business & Corporate

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Contract

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Employment

[formidable id="101"]

Import/Export

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Injuries & Torts

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Insurance

[formidable id="104"]

Intellectual Property

[formidable id="105"]

Privacy, Internet & Data

[formidable id="106"]

Patent

[formidable id="107"]

Real Estate

[formidable id="108"]

Securities, Finance & Fundraising

[formidable id="109"]

Trademark

[formidable id="110"]

Tax

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Audit

8 Accordion - Level Z - Audit

Financial Audit

Current Service For: Federal

Request New Service Area

Service Description:

A federal tax deduction of up to $1.80 per square foot for building owners, tenants, or designers of buildings that meet or exceed a certain energy and power standard. Tenants may be eligible if they make energy efficient construction expenditures. If the system or building is installed on federal, state, or local government property, the 179D tax deduction may be taken by the person primarily responsible for the system's design, with the government owner's approval to transfer the deduction (that the public entity cannot use). The 179D tax deduction does not apply to other non-tax paying entities, including but not limited to NGOs or churches, unless there exists an energy-as-a-service agreement that is owned by a tax paying company.

Benefit:

One time Federal tax deduction which decreases taxable income.

ROI:

Median ranges from 5:1 to 20:1.

Utilization Schedule:

Federal tax benefit realized by a reduction in federal tax payments or, in the case of Net Operating Losses, in the year(s) in which the loss created by the deduction is applied.

Fee:

See ROI.

Fee Schedule:

Provider dependent. Typical arrangements include (1) Full payment up front, (2) Progress payments, and (3) Full payment upon completion. Depending on the time of year, payments usually occur before benefit is realized.

Customer Commitment:

Provide service provider with building drawings and specifications, costs associated with the purchase or construction of the building, allow for a site visit and access to building utility systems which typically take less than a day (requires a contact/representative on site), and contact with tax preparer.

Risks:

This is a relatively low risk tax position since a certified engineer is required for sign off. Low audit rates and easy to prove if audited.

Risk Timing:

This tax deduction is not currently a red flag to the IRS so audits of the 179D Deduction would most likely happen, if at all, 2-3 years from the date filed.

Process:

Provide documentary information listed above, arrange and execute site visit, service provider calculates benefit (and maybe delivers a report) and will have an engineer certified in this deduction sign off, then the deduction is included in the tax return and filed. A change in accounting method form can be included in the current year tax return to claim benefits from prior tax years.

Common Industries:

Manufacturing and Commercial Development. Not restricted to any specific industry, just need an energy efficient building.

Authorities For Further Research:

Title 26 USC §179D for original law. Consolidated Appropriations Act 2021 makes the law permanent. There are various Internal Revenue Bulletins, Public Laws, IRS Memoranda, and IRS Notices that update and change the provisions of the original law.

 

Update Service Information

*  *  *  *  *

Information Systems Audit

Current Service For: Federal

Request New Service Area

Service Description:

A federal tax deduction of up to $1.80 per square foot for building owners, tenants, or designers of buildings that meet or exceed a certain energy and power standard. Tenants may be eligible if they make energy efficient construction expenditures. If the system or building is installed on federal, state, or local government property, the 179D tax deduction may be taken by the person primarily responsible for the system's design, with the government owner's approval to transfer the deduction (that the public entity cannot use). The 179D tax deduction does not apply to other non-tax paying entities, including but not limited to NGOs or churches, unless there exists an energy-as-a-service agreement that is owned by a tax paying company.

Benefit:

One time Federal tax deduction which decreases taxable income.

ROI:

Median ranges from 5:1 to 20:1.

Utilization Schedule:

Federal tax benefit realized by a reduction in federal tax payments or, in the case of Net Operating Losses, in the year(s) in which the loss created by the deduction is applied.

Fee:

See ROI.

Fee Schedule:

Provider dependent. Typical arrangements include (1) Full payment up front, (2) Progress payments, and (3) Full payment upon completion. Depending on the time of year, payments usually occur before benefit is realized.

Customer Commitment:

Provide service provider with building drawings and specifications, costs associated with the purchase or construction of the building, allow for a site visit and access to building utility systems which typically take less than a day (requires a contact/representative on site), and contact with tax preparer.

Risks:

This is a relatively low risk tax position since a certified engineer is required for sign off. Low audit rates and easy to prove if audited.

Risk Timing:

This tax deduction is not currently a red flag to the IRS so audits of the 179D Deduction would most likely happen, if at all, 2-3 years from the date filed.

Process:

Provide documentary information listed above, arrange and execute site visit, service provider calculates benefit (and maybe delivers a report) and will have an engineer certified in this deduction sign off, then the deduction is included in the tax return and filed. A change in accounting method form can be included in the current year tax return to claim benefits from prior tax years.

Common Industries:

Manufacturing and Commercial Development. Not restricted to any specific industry, just need an energy efficient building.

Authorities For Further Research:

Title 26 USC §179D for original law. Consolidated Appropriations Act 2021 makes the law permanent. There are various Internal Revenue Bulletins, Public Laws, IRS Memoranda, and IRS Notices that update and change the provisions of the original law.

 

Update Service Information

*  *  *  *  *

Financial Reporting

Current Service For: Federal

Request New Service Area

Service Description:

A federal tax deduction of up to $1.80 per square foot for building owners, tenants, or designers of buildings that meet or exceed a certain energy and power standard. Tenants may be eligible if they make energy efficient construction expenditures. If the system or building is installed on federal, state, or local government property, the 179D tax deduction may be taken by the person primarily responsible for the system's design, with the government owner's approval to transfer the deduction (that the public entity cannot use). The 179D tax deduction does not apply to other non-tax paying entities, including but not limited to NGOs or churches, unless there exists an energy-as-a-service agreement that is owned by a tax paying company.

Benefit:

One time Federal tax deduction which decreases taxable income.

ROI:

Median ranges from 5:1 to 20:1.

Utilization Schedule:

Federal tax benefit realized by a reduction in federal tax payments or, in the case of Net Operating Losses, in the year(s) in which the loss created by the deduction is applied.

Fee:

See ROI.

Fee Schedule:

Provider dependent. Typical arrangements include (1) Full payment up front, (2) Progress payments, and (3) Full payment upon completion. Depending on the time of year, payments usually occur before benefit is realized.

Customer Commitment:

Provide service provider with building drawings and specifications, costs associated with the purchase or construction of the building, allow for a site visit and access to building utility systems which typically take less than a day (requires a contact/representative on site), and contact with tax preparer.

Risks:

This is a relatively low risk tax position since a certified engineer is required for sign off. Low audit rates and easy to prove if audited.

Risk Timing:

This tax deduction is not currently a red flag to the IRS so audits of the 179D Deduction would most likely happen, if at all, 2-3 years from the date filed.

Process:

Provide documentary information listed above, arrange and execute site visit, service provider calculates benefit (and maybe delivers a report) and will have an engineer certified in this deduction sign off, then the deduction is included in the tax return and filed. A change in accounting method form can be included in the current year tax return to claim benefits from prior tax years.

Common Industries:

Manufacturing and Commercial Development. Not restricted to any specific industry, just need an energy efficient building.

Authorities For Further Research:

Title 26 USC §179D for original law. Consolidated Appropriations Act 2021 makes the law permanent. There are various Internal Revenue Bulletins, Public Laws, IRS Memoranda, and IRS Notices that update and change the provisions of the original law.

 

Update Service Information

*  *  *  *  *

Compliance Audit

Current Service For: Federal

Request New Service Area

Service Description:

A federal tax deduction of up to $1.80 per square foot for building owners, tenants, or designers of buildings that meet or exceed a certain energy and power standard. Tenants may be eligible if they make energy efficient construction expenditures. If the system or building is installed on federal, state, or local government property, the 179D tax deduction may be taken by the person primarily responsible for the system's design, with the government owner's approval to transfer the deduction (that the public entity cannot use). The 179D tax deduction does not apply to other non-tax paying entities, including but not limited to NGOs or churches, unless there exists an energy-as-a-service agreement that is owned by a tax paying company.

Benefit:

One time Federal tax deduction which decreases taxable income.

ROI:

Median ranges from 5:1 to 20:1.

Utilization Schedule:

Federal tax benefit realized by a reduction in federal tax payments or, in the case of Net Operating Losses, in the year(s) in which the loss created by the deduction is applied.

Fee:

See ROI.

Fee Schedule:

Provider dependent. Typical arrangements include (1) Full payment up front, (2) Progress payments, and (3) Full payment upon completion. Depending on the time of year, payments usually occur before benefit is realized.

Customer Commitment:

Provide service provider with building drawings and specifications, costs associated with the purchase or construction of the building, allow for a site visit and access to building utility systems which typically take less than a day (requires a contact/representative on site), and contact with tax preparer.

Risks:

This is a relatively low risk tax position since a certified engineer is required for sign off. Low audit rates and easy to prove if audited.

Risk Timing:

This tax deduction is not currently a red flag to the IRS so audits of the 179D Deduction would most likely happen, if at all, 2-3 years from the date filed.

Process:

Provide documentary information listed above, arrange and execute site visit, service provider calculates benefit (and maybe delivers a report) and will have an engineer certified in this deduction sign off, then the deduction is included in the tax return and filed. A change in accounting method form can be included in the current year tax return to claim benefits from prior tax years.

Common Industries:

Manufacturing and Commercial Development. Not restricted to any specific industry, just need an energy efficient building.

Authorities For Further Research:

Title 26 USC §179D for original law. Consolidated Appropriations Act 2021 makes the law permanent. There are various Internal Revenue Bulletins, Public Laws, IRS Memoranda, and IRS Notices that update and change the provisions of the original law.

 

Update Service Information

*  *  *  *  *

Investigation

Current Service For: Federal

Request New Service Area

Service Description:

A federal tax deduction of up to $1.80 per square foot for building owners, tenants, or designers of buildings that meet or exceed a certain energy and power standard. Tenants may be eligible if they make energy efficient construction expenditures. If the system or building is installed on federal, state, or local government property, the 179D tax deduction may be taken by the person primarily responsible for the system's design, with the government owner's approval to transfer the deduction (that the public entity cannot use). The 179D tax deduction does not apply to other non-tax paying entities, including but not limited to NGOs or churches, unless there exists an energy-as-a-service agreement that is owned by a tax paying company.

Benefit:

One time Federal tax deduction which decreases taxable income.

ROI:

Median ranges from 5:1 to 20:1.

Utilization Schedule:

Federal tax benefit realized by a reduction in federal tax payments or, in the case of Net Operating Losses, in the year(s) in which the loss created by the deduction is applied.

Fee:

See ROI.

Fee Schedule:

Provider dependent. Typical arrangements include (1) Full payment up front, (2) Progress payments, and (3) Full payment upon completion. Depending on the time of year, payments usually occur before benefit is realized.

Customer Commitment:

Provide service provider with building drawings and specifications, costs associated with the purchase or construction of the building, allow for a site visit and access to building utility systems which typically take less than a day (requires a contact/representative on site), and contact with tax preparer.

Risks:

This is a relatively low risk tax position since a certified engineer is required for sign off. Low audit rates and easy to prove if audited.

Risk Timing:

This tax deduction is not currently a red flag to the IRS so audits of the 179D Deduction would most likely happen, if at all, 2-3 years from the date filed.

Process:

Provide documentary information listed above, arrange and execute site visit, service provider calculates benefit (and maybe delivers a report) and will have an engineer certified in this deduction sign off, then the deduction is included in the tax return and filed. A change in accounting method form can be included in the current year tax return to claim benefits from prior tax years.

Common Industries:

Manufacturing and Commercial Development. Not restricted to any specific industry, just need an energy efficient building.

Authorities For Further Research:

Title 26 USC §179D for original law. Consolidated Appropriations Act 2021 makes the law permanent. There are various Internal Revenue Bulletins, Public Laws, IRS Memoranda, and IRS Notices that update and change the provisions of the original law.

 

Update Service Information

*  *  *  *  *

IT & Cyber Security

8 Accordion - Level Z - IT & Cyber Security

SOC 2 Compliance

Current Service For: Federal

Request New Service Area

Service Description:

A federal tax deduction of up to $1.80 per square foot for building owners, tenants, or designers of buildings that meet or exceed a certain energy and power standard. Tenants may be eligible if they make energy efficient construction expenditures. If the system or building is installed on federal, state, or local government property, the 179D tax deduction may be taken by the person primarily responsible for the system's design, with the government owner's approval to transfer the deduction (that the public entity cannot use). The 179D tax deduction does not apply to other non-tax paying entities, including but not limited to NGOs or churches, unless there exists an energy-as-a-service agreement that is owned by a tax paying company.

Benefit:

One time Federal tax deduction which decreases taxable income.

ROI:

Median ranges from 5:1 to 20:1.

Utilization Schedule:

Federal tax benefit realized by a reduction in federal tax payments or, in the case of Net Operating Losses, in the year(s) in which the loss created by the deduction is applied.

Fee:

See ROI.

Fee Schedule:

Provider dependent. Typical arrangements include (1) Full payment up front, (2) Progress payments, and (3) Full payment upon completion. Depending on the time of year, payments usually occur before benefit is realized.

Customer Commitment:

Provide service provider with building drawings and specifications, costs associated with the purchase or construction of the building, allow for a site visit and access to building utility systems which typically take less than a day (requires a contact/representative on site), and contact with tax preparer.

Risks:

This is a relatively low risk tax position since a certified engineer is required for sign off. Low audit rates and easy to prove if audited.

Risk Timing:

This tax deduction is not currently a red flag to the IRS so audits of the 179D Deduction would most likely happen, if at all, 2-3 years from the date filed.

Process:

Provide documentary information listed above, arrange and execute site visit, service provider calculates benefit (and maybe delivers a report) and will have an engineer certified in this deduction sign off, then the deduction is included in the tax return and filed. A change in accounting method form can be included in the current year tax return to claim benefits from prior tax years.

Common Industries:

Manufacturing and Commercial Development. Not restricted to any specific industry, just need an energy efficient building.

Authorities For Further Research:

Title 26 USC §179D for original law. Consolidated Appropriations Act 2021 makes the law permanent. There are various Internal Revenue Bulletins, Public Laws, IRS Memoranda, and IRS Notices that update and change the provisions of the original law.

 

Update Service Information

*  *  *  *  *

Virtual or Fractional CISO (Chief Information Security Officer)

Current Service For: Federal

Request New Service Area

Service Description:

A federal tax deduction of up to $1.80 per square foot for building owners, tenants, or designers of buildings that meet or exceed a certain energy and power standard. Tenants may be eligible if they make energy efficient construction expenditures. If the system or building is installed on federal, state, or local government property, the 179D tax deduction may be taken by the person primarily responsible for the system's design, with the government owner's approval to transfer the deduction (that the public entity cannot use). The 179D tax deduction does not apply to other non-tax paying entities, including but not limited to NGOs or churches, unless there exists an energy-as-a-service agreement that is owned by a tax paying company.

Benefit:

One time Federal tax deduction which decreases taxable income.

ROI:

Median ranges from 5:1 to 20:1.

Utilization Schedule:

Federal tax benefit realized by a reduction in federal tax payments or, in the case of Net Operating Losses, in the year(s) in which the loss created by the deduction is applied.

Fee:

See ROI.

Fee Schedule:

Provider dependent. Typical arrangements include (1) Full payment up front, (2) Progress payments, and (3) Full payment upon completion. Depending on the time of year, payments usually occur before benefit is realized.

Customer Commitment:

Provide service provider with building drawings and specifications, costs associated with the purchase or construction of the building, allow for a site visit and access to building utility systems which typically take less than a day (requires a contact/representative on site), and contact with tax preparer.

Risks:

This is a relatively low risk tax position since a certified engineer is required for sign off. Low audit rates and easy to prove if audited.

Risk Timing:

This tax deduction is not currently a red flag to the IRS so audits of the 179D Deduction would most likely happen, if at all, 2-3 years from the date filed.

Process:

Provide documentary information listed above, arrange and execute site visit, service provider calculates benefit (and maybe delivers a report) and will have an engineer certified in this deduction sign off, then the deduction is included in the tax return and filed. A change in accounting method form can be included in the current year tax return to claim benefits from prior tax years.

Common Industries:

Manufacturing and Commercial Development. Not restricted to any specific industry, just need an energy efficient building.

Authorities For Further Research:

Title 26 USC §179D for original law. Consolidated Appropriations Act 2021 makes the law permanent. There are various Internal Revenue Bulletins, Public Laws, IRS Memoranda, and IRS Notices that update and change the provisions of the original law.

 

Update Service Information

*  *  *  *  *

Cyber Security Consulting

Current Service For: Federal

Request New Service Area

Service Description:

A federal tax deduction of up to $1.80 per square foot for building owners, tenants, or designers of buildings that meet or exceed a certain energy and power standard. Tenants may be eligible if they make energy efficient construction expenditures. If the system or building is installed on federal, state, or local government property, the 179D tax deduction may be taken by the person primarily responsible for the system's design, with the government owner's approval to transfer the deduction (that the public entity cannot use). The 179D tax deduction does not apply to other non-tax paying entities, including but not limited to NGOs or churches, unless there exists an energy-as-a-service agreement that is owned by a tax paying company.

Benefit:

One time Federal tax deduction which decreases taxable income.

ROI:

Median ranges from 5:1 to 20:1.

Utilization Schedule:

Federal tax benefit realized by a reduction in federal tax payments or, in the case of Net Operating Losses, in the year(s) in which the loss created by the deduction is applied.

Fee:

See ROI.

Fee Schedule:

Provider dependent. Typical arrangements include (1) Full payment up front, (2) Progress payments, and (3) Full payment upon completion. Depending on the time of year, payments usually occur before benefit is realized.

Customer Commitment:

Provide service provider with building drawings and specifications, costs associated with the purchase or construction of the building, allow for a site visit and access to building utility systems which typically take less than a day (requires a contact/representative on site), and contact with tax preparer.

Risks:

This is a relatively low risk tax position since a certified engineer is required for sign off. Low audit rates and easy to prove if audited.

Risk Timing:

This tax deduction is not currently a red flag to the IRS so audits of the 179D Deduction would most likely happen, if at all, 2-3 years from the date filed.

Process:

Provide documentary information listed above, arrange and execute site visit, service provider calculates benefit (and maybe delivers a report) and will have an engineer certified in this deduction sign off, then the deduction is included in the tax return and filed. A change in accounting method form can be included in the current year tax return to claim benefits from prior tax years.

Common Industries:

Manufacturing and Commercial Development. Not restricted to any specific industry, just need an energy efficient building.

Authorities For Further Research:

Title 26 USC §179D for original law. Consolidated Appropriations Act 2021 makes the law permanent. There are various Internal Revenue Bulletins, Public Laws, IRS Memoranda, and IRS Notices that update and change the provisions of the original law.

 

Update Service Information

*  *  *  *  *

CMMC Compliance

Current Service For: Federal

Request New Service Area

Service Description:

A federal tax deduction of up to $1.80 per square foot for building owners, tenants, or designers of buildings that meet or exceed a certain energy and power standard. Tenants may be eligible if they make energy efficient construction expenditures. If the system or building is installed on federal, state, or local government property, the 179D tax deduction may be taken by the person primarily responsible for the system's design, with the government owner's approval to transfer the deduction (that the public entity cannot use). The 179D tax deduction does not apply to other non-tax paying entities, including but not limited to NGOs or churches, unless there exists an energy-as-a-service agreement that is owned by a tax paying company.

Benefit:

One time Federal tax deduction which decreases taxable income.

ROI:

Median ranges from 5:1 to 20:1.

Utilization Schedule:

Federal tax benefit realized by a reduction in federal tax payments or, in the case of Net Operating Losses, in the year(s) in which the loss created by the deduction is applied.

Fee:

See ROI.

Fee Schedule:

Provider dependent. Typical arrangements include (1) Full payment up front, (2) Progress payments, and (3) Full payment upon completion. Depending on the time of year, payments usually occur before benefit is realized.

Customer Commitment:

Provide service provider with building drawings and specifications, costs associated with the purchase or construction of the building, allow for a site visit and access to building utility systems which typically take less than a day (requires a contact/representative on site), and contact with tax preparer.

Risks:

This is a relatively low risk tax position since a certified engineer is required for sign off. Low audit rates and easy to prove if audited.

Risk Timing:

This tax deduction is not currently a red flag to the IRS so audits of the 179D Deduction would most likely happen, if at all, 2-3 years from the date filed.

Process:

Provide documentary information listed above, arrange and execute site visit, service provider calculates benefit (and maybe delivers a report) and will have an engineer certified in this deduction sign off, then the deduction is included in the tax return and filed. A change in accounting method form can be included in the current year tax return to claim benefits from prior tax years.

Common Industries:

Manufacturing and Commercial Development. Not restricted to any specific industry, just need an energy efficient building.

Authorities For Further Research:

Title 26 USC §179D for original law. Consolidated Appropriations Act 2021 makes the law permanent. There are various Internal Revenue Bulletins, Public Laws, IRS Memoranda, and IRS Notices that update and change the provisions of the original law.

 

Update Service Information

*  *  *  *  *

Penetration Testing

Current Service For: Federal

Request New Service Area

Service Description:

A federal tax deduction of up to $1.80 per square foot for building owners, tenants, or designers of buildings that meet or exceed a certain energy and power standard. Tenants may be eligible if they make energy efficient construction expenditures. If the system or building is installed on federal, state, or local government property, the 179D tax deduction may be taken by the person primarily responsible for the system's design, with the government owner's approval to transfer the deduction (that the public entity cannot use). The 179D tax deduction does not apply to other non-tax paying entities, including but not limited to NGOs or churches, unless there exists an energy-as-a-service agreement that is owned by a tax paying company.

Benefit:

One time Federal tax deduction which decreases taxable income.

ROI:

Median ranges from 5:1 to 20:1.

Utilization Schedule:

Federal tax benefit realized by a reduction in federal tax payments or, in the case of Net Operating Losses, in the year(s) in which the loss created by the deduction is applied.

Fee:

See ROI.

Fee Schedule:

Provider dependent. Typical arrangements include (1) Full payment up front, (2) Progress payments, and (3) Full payment upon completion. Depending on the time of year, payments usually occur before benefit is realized.

Customer Commitment:

Provide service provider with building drawings and specifications, costs associated with the purchase or construction of the building, allow for a site visit and access to building utility systems which typically take less than a day (requires a contact/representative on site), and contact with tax preparer.

Risks:

This is a relatively low risk tax position since a certified engineer is required for sign off. Low audit rates and easy to prove if audited.

Risk Timing:

This tax deduction is not currently a red flag to the IRS so audits of the 179D Deduction would most likely happen, if at all, 2-3 years from the date filed.

Process:

Provide documentary information listed above, arrange and execute site visit, service provider calculates benefit (and maybe delivers a report) and will have an engineer certified in this deduction sign off, then the deduction is included in the tax return and filed. A change in accounting method form can be included in the current year tax return to claim benefits from prior tax years.

Common Industries:

Manufacturing and Commercial Development. Not restricted to any specific industry, just need an energy efficient building.

Authorities For Further Research:

Title 26 USC §179D for original law. Consolidated Appropriations Act 2021 makes the law permanent. There are various Internal Revenue Bulletins, Public Laws, IRS Memoranda, and IRS Notices that update and change the provisions of the original law.

 

Update Service Information

*  *  *  *  *

Managed Detection and Response (MDR)

Current Service For: Federal

Request New Service Area

Service Description:

A federal tax deduction of up to $1.80 per square foot for building owners, tenants, or designers of buildings that meet or exceed a certain energy and power standard. Tenants may be eligible if they make energy efficient construction expenditures. If the system or building is installed on federal, state, or local government property, the 179D tax deduction may be taken by the person primarily responsible for the system's design, with the government owner's approval to transfer the deduction (that the public entity cannot use). The 179D tax deduction does not apply to other non-tax paying entities, including but not limited to NGOs or churches, unless there exists an energy-as-a-service agreement that is owned by a tax paying company.

Benefit:

One time Federal tax deduction which decreases taxable income.

ROI:

Median ranges from 5:1 to 20:1.

Utilization Schedule:

Federal tax benefit realized by a reduction in federal tax payments or, in the case of Net Operating Losses, in the year(s) in which the loss created by the deduction is applied.

Fee:

See ROI.

Fee Schedule:

Provider dependent. Typical arrangements include (1) Full payment up front, (2) Progress payments, and (3) Full payment upon completion. Depending on the time of year, payments usually occur before benefit is realized.

Customer Commitment:

Provide service provider with building drawings and specifications, costs associated with the purchase or construction of the building, allow for a site visit and access to building utility systems which typically take less than a day (requires a contact/representative on site), and contact with tax preparer.

Risks:

This is a relatively low risk tax position since a certified engineer is required for sign off. Low audit rates and easy to prove if audited.

Risk Timing:

This tax deduction is not currently a red flag to the IRS so audits of the 179D Deduction would most likely happen, if at all, 2-3 years from the date filed.

Process:

Provide documentary information listed above, arrange and execute site visit, service provider calculates benefit (and maybe delivers a report) and will have an engineer certified in this deduction sign off, then the deduction is included in the tax return and filed. A change in accounting method form can be included in the current year tax return to claim benefits from prior tax years.

Common Industries:

Manufacturing and Commercial Development. Not restricted to any specific industry, just need an energy efficient building.

Authorities For Further Research:

Title 26 USC §179D for original law. Consolidated Appropriations Act 2021 makes the law permanent. There are various Internal Revenue Bulletins, Public Laws, IRS Memoranda, and IRS Notices that update and change the provisions of the original law.

 

Update Service Information

*  *  *  *  *

Network Security Monitoring

Current Service For: Federal

Request New Service Area

Service Description:

A federal tax deduction of up to $1.80 per square foot for building owners, tenants, or designers of buildings that meet or exceed a certain energy and power standard. Tenants may be eligible if they make energy efficient construction expenditures. If the system or building is installed on federal, state, or local government property, the 179D tax deduction may be taken by the person primarily responsible for the system's design, with the government owner's approval to transfer the deduction (that the public entity cannot use). The 179D tax deduction does not apply to other non-tax paying entities, including but not limited to NGOs or churches, unless there exists an energy-as-a-service agreement that is owned by a tax paying company.

Benefit:

One time Federal tax deduction which decreases taxable income.

ROI:

Median ranges from 5:1 to 20:1.

Utilization Schedule:

Federal tax benefit realized by a reduction in federal tax payments or, in the case of Net Operating Losses, in the year(s) in which the loss created by the deduction is applied.

Fee:

See ROI.

Fee Schedule:

Provider dependent. Typical arrangements include (1) Full payment up front, (2) Progress payments, and (3) Full payment upon completion. Depending on the time of year, payments usually occur before benefit is realized.

Customer Commitment:

Provide service provider with building drawings and specifications, costs associated with the purchase or construction of the building, allow for a site visit and access to building utility systems which typically take less than a day (requires a contact/representative on site), and contact with tax preparer.

Risks:

This is a relatively low risk tax position since a certified engineer is required for sign off. Low audit rates and easy to prove if audited.

Risk Timing:

This tax deduction is not currently a red flag to the IRS so audits of the 179D Deduction would most likely happen, if at all, 2-3 years from the date filed.

Process:

Provide documentary information listed above, arrange and execute site visit, service provider calculates benefit (and maybe delivers a report) and will have an engineer certified in this deduction sign off, then the deduction is included in the tax return and filed. A change in accounting method form can be included in the current year tax return to claim benefits from prior tax years.

Common Industries:

Manufacturing and Commercial Development. Not restricted to any specific industry, just need an energy efficient building.

Authorities For Further Research:

Title 26 USC §179D for original law. Consolidated Appropriations Act 2021 makes the law permanent. There are various Internal Revenue Bulletins, Public Laws, IRS Memoranda, and IRS Notices that update and change the provisions of the original law.

 

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Accounting & Bookkeeping

8 Accordion - Level Z - Accounting & Bookkeeping

Cash Flow Analysis

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Virtual or Fractional CFO (Chief Financial Officer)

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Financial Reporting

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Bookkeeping

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Forensic Accounting

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Business Consulting

8 Accordion - Level Z - Business Consulting

Inventory Management

Current Service For: Federal

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Service Description:

A federal tax deduction of up to $1.80 per square foot for building owners, tenants, or designers of buildings that meet or exceed a certain energy and power standard. Tenants may be eligible if they make energy efficient construction expenditures. If the system or building is installed on federal, state, or local government property, the 179D tax deduction may be taken by the person primarily responsible for the system's design, with the government owner's approval to transfer the deduction (that the public entity cannot use). The 179D tax deduction does not apply to other non-tax paying entities, including but not limited to NGOs or churches, unless there exists an energy-as-a-service agreement that is owned by a tax paying company.

Benefit:

One time Federal tax deduction which decreases taxable income.

ROI:

Median ranges from 5:1 to 20:1.

Utilization Schedule:

Federal tax benefit realized by a reduction in federal tax payments or, in the case of Net Operating Losses, in the year(s) in which the loss created by the deduction is applied.

Fee:

See ROI.

Fee Schedule:

Provider dependent. Typical arrangements include (1) Full payment up front, (2) Progress payments, and (3) Full payment upon completion. Depending on the time of year, payments usually occur before benefit is realized.

Customer Commitment:

Provide service provider with building drawings and specifications, costs associated with the purchase or construction of the building, allow for a site visit and access to building utility systems which typically take less than a day (requires a contact/representative on site), and contact with tax preparer.

Risks:

This is a relatively low risk tax position since a certified engineer is required for sign off. Low audit rates and easy to prove if audited.

Risk Timing:

This tax deduction is not currently a red flag to the IRS so audits of the 179D Deduction would most likely happen, if at all, 2-3 years from the date filed.

Process:

Provide documentary information listed above, arrange and execute site visit, service provider calculates benefit (and maybe delivers a report) and will have an engineer certified in this deduction sign off, then the deduction is included in the tax return and filed. A change in accounting method form can be included in the current year tax return to claim benefits from prior tax years.

Common Industries:

Manufacturing and Commercial Development. Not restricted to any specific industry, just need an energy efficient building.

Authorities For Further Research:

Title 26 USC §179D for original law. Consolidated Appropriations Act 2021 makes the law permanent. There are various Internal Revenue Bulletins, Public Laws, IRS Memoranda, and IRS Notices that update and change the provisions of the original law.

 

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Compliance

9 Accordion - Level Z - Compliance

Cash Flow Analysis

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Virtual or Fractional CFO (Chief Financial Officer)

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Financial Reporting

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Bookkeeping

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Forensic Accounting

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Employment Services

9 Accordion - Level Z - Employment Services

Cash Flow Analysis

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Virtual or Fractional CFO (Chief Financial Officer)

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Financial Reporting

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Bookkeeping

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Forensic Accounting

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ESG

9 Accordion - Level Z - ESG

Cash Flow Analysis

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Virtual or Fractional CFO (Chief Financial Officer)

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Financial Reporting

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Bookkeeping

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Forensic Accounting

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Increase Cash

9 Accordion - Level Z - Increase Cash

Cash Flow Analysis

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Virtual or Fractional CFO (Chief Financial Officer)

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Financial Reporting

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Bookkeeping

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Forensic Accounting

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Property Services

9 Accordion - Level Z - Property Services

Cash Flow Analysis

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Financial Reporting

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Reduce Costs

9 Accordion - Level Z - Reduce Cost

Cash Flow Analysis

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Virtual or Fractional CFO (Chief Financial Officer)

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Financial Reporting

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Bookkeeping

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Forensic Accounting

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Risk Reduction

9 Accordion - Level Z - Risk Reduction

Cash Flow Analysis

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Virtual or Fractional CFO (Chief Financial Officer)

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Financial Reporting

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Bookkeeping

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Forensic Accounting

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