January 14, 2025

How to Claim Your 179D Tax Deduction

energy efficient savings

The Section 179D tax deduction, also known as the Energy-Efficient Commercial Buildings Tax Deduction, is a powerful tax incentive designed to encourage energy efficiency in building design and construction. It can provide significant tax savings for building owners, designers, and developers who meet the criteria. If you’re looking to claim a 179D deduction, this guide […]

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January 10, 2025

Calculating Section 179D and Maximizing Your Tax Deductions

tax calulator

While many property owners understand the basic concept of the 179D tax deduction, the actual calculation process requires careful attention to detail and technical expertise. This guide dives deep into the mathematical components and methodology behind calculating your potential deduction. How is the Energy Savings Percentage Calculated? The foundation of your 179D deduction rests on […]

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November 14, 2024

Trump’s Proposed Tax Changes: What They Mean for Bonus Depreciation and R&D

CSSI Bonus

As the nation’s leading provider of engineering-based cost segregation studies and R&D tax credit services, CSSI is closely monitoring potential changes to business tax policy. Two key areas of focus under the proposed Trump administration policies could significantly impact how businesses handle depreciation and research expenses. The Return of 100% Bonus Depreciation The current phase-out […]

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November 12, 2024

Form 3115 Filing Guide: Complete Instructions for Changing Accounting Methods

Instructions for Changing Accounting Methods

A Form 3115 is called the “Application for Change in Accounting Method.” It is for an automatic change in any method of accounting. A form 3115 is filed to change either an entity’s overall accounting method or the accounting treatment of any item, such as switching to the accrual method, accelerating depreciation, expensing a previously […]

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