Busting Common Misconceptions: There Is Little Certainty in the §179D Process, and It Is Complicated
One of the common misconceptions surrounding the §179D deduction is the perception that the claiming process is both intricate and uncertain. The fear of complexity often discourages organizations from exploring this avenue to reduce their tax liability.
Reality: Expert Advice and Certainty
Contrary to the myth, the §179D process can be streamlined and made more accessible with the right guidance. A professional engineer well-versed in the intricacies of §179D is the key to navigating this potentially lucrative deduction.
At Walker Reid, we understand the concerns that organizations may have about the complexity of the process. Our team of experts specializes in guiding and educating building owners and designers of tax-exempt buildings through the §179D deduction journey, ensuring a seamless experience from start to finish.
The reality is that the entire process typically takes approximately 6-8 weeks, providing organizations with a clear timeline for the completion of their §179D claim. Most importantly, the majority of the process occurs behind the scenes, orchestrated by our dedicated engineering team.
Behind the Scenes: Engineering Expertise
Our engineering team plays a pivotal role in qualifying the buildings ahead of time. We perform a complementary initial feasibility study of the building(s). Our initial feasibility process takes less than a week and our engineering team will do an extensive study of the energy-efficient components by modeling the building against the required ASHRAE standard at the time the building is placed in service. This meticulous behind-the-scenes work ensures that we meet the necessary criteria for the deduction without facing unnecessary complications. We will determine if the building will qualify ahead of any agreement, this way there is no uncertainty moving forward with the project.
By leveraging the knowledge and skills of our engineering team, organizations can trust in the certainty of the process. We take the guesswork out of claiming the §179D deduction, allowing businesses to focus on what they do best while we handle the rest.
Conclusion: Embrace the Certainty, Reap the Benefits
It’s time to dispel the myth that the §179D process is uncertain and complex. With the right guidance and expert support, organizations can confidently navigate the path to claiming this valuable deduction. At Walker Reid, we are dedicated to providing clarity, certainty, and a streamlined process for our clients, ensuring they unlock the full tax benefit potential of the §179D deduction.
