Since the Tax Increase Prevention Act of 2014 was signed into Law at the end of 2014, companies are finding themselves against the wall trying to begin and complete 179D certifications before tax filing deadlines. Instead, many companies have decided to file extensions to complete correctly and receive the full benefits available by the 179D […]
It’s official, on Friday December 19th the President signed into law the Tax Increase Prevention Act of 2014 (HR 5771). This officially extends the Section 179D Tax Deduction along with over 50 other expired incentives for individuals and businesses retroactively through the end of 2014. 179D Tax Deduction extension specifics The Tax Increase and Prevention […]
With the Senate passing the Tax Extenders Bill (HR.5771) the 179D Tax Deduction has been extended into 2014. The vote was 76 yays to 16 nays currently extending all expired tax provisions retroactively from 12/31/2013 through the end of 2014. The bill will now move onto the President to be formally signed into law. The presidential […]