Ham Ln. Suite A Lodi , CA Los Angeles S. Hope St. Suite Los Angeles , CA San Marcos Rancheros Dr. Suite San Marcos , CA Santa Ana E. First St. Suite Santa Ana , CA Suite Newport Beach , CA Thousand Oaks East Hillcrest Dr. Suite Thousand Oaks , CA Sacramento Harvard St. Suite Sacramento , CA Walnut Creek, CA - N. Greenwood Village S. Cheshire 55 Realty Dr. Suite Cheshire , CT Farmington 40 Stanford Dr.
Boca Raton Glades Rd. Suite Ft. Lauderdale , FL Palm Beach Gardens Fairway Dr. Maitland, FL S. Tampa N. Boise Shoreline Dr. Ste Boise , ID Sandpoint North 5th Ave. Suite Sandpoint , ID Bannockburn , IL Chicago, IL - N.
Clark St. Suite Chicago , IL All indicators suggest that this trend is likely to get worse. Between and , total building sector energy consumption is predicted to increase by about 7 quadrillion Btu. To give you a point of reference, 1 quadrillion Btu is the energy equivalent to 36 million tons of coal being burned at a power plant. So who gets the benefit? This would be the owner or landlord of the building. In fact, this is the only green building incentive targeted towards designers!
There are multiple ways to qualify for a D deduction, and the amount of the deduction depends on the energy efficiency levels that your project meets. The full deduction is very difficult to get and typically requires proactive design with the D deduction in mind.
One example of this is a group of four California Department of General Services Buildings which undertook recent major retrofits. The architect on record did not feel that their design would qualify for a D deduction. Too often, architects and engineers forego this benefit due to a lack of understanding about the various ways in which their projects may qualify. Another example is a student housing building for a state university in Louisiana. The building was about 92, square feet in size.
These two examples illustrate how architects, engineers, and design-build contractors are able to take advantage of this important energy tax incentive program. While the process is somewhat complex, it essentially begins with a careful tax and energy modeling analysis and ends with certification and the filing of amended returns. It can also result in a brand new source of valuable funds in these trying economic times.
The U. Congress and many state governments realize how critical energy efficiency is to the future of our economy. A collective reduction in national consumption of energy protects us from recurrent energy-related problems caused by tight energy supplies and rising import dependence.
For these and other reasons, the effort by Congress and recent administrations to foster energy efficiency and the adoption of renewable energy sources is a trend that is here to stay. In fact, the Department of Energy and IRS are working together through the Better Buildings Initiative to develop a proposal for expanding and extending the D deduction, so this incentive is likely to become even more powerful in the future. The time to act is now! If you have worked on any public property in the past few years, you need to consider a D analysis.
And act quickly, because this deduction is claimed on amended tax returns which are only typically open until three years after the date of original filing. Also for current projects, there may be multiple designers who are eligible for the deduction so being first to act can be the difference in being able to secure a deduction versus being left out in the cold.
For more information on D, please visit alliantgroup at www. Leave a comment. A comprehensive tax reform package is unlikely to emerge from the panel in the next four months, aides and analysts said on Thursday, citing the divisive power of election politics and the lack of adequate time for such a project.
Still, the committee is sure to examine tax breaks for ethanol, the oil and gas business, employer-provided health insurance, domestic manufacturers, research and development, and high-rolling managers of private equity and hedge funds. Offshore corporate profits issues — such as overseas income deferral — will come under scrutiny as well, but perhaps end up being too complex to confront by November 23, when the panel must finish its work, analysts said.
Another business lobbying push — for lowering the percent corporate income tax rate, possibly in exchange for acquiescing to loophole closures — will come up, but also probably be too big a bite for the panel, analysts said. Zerbe said the super committee would not take on taxes at all. At the same time, Republicans may be willing to give ground on a few, largely symbolic loophole closures, said Ed Mills, also a former Senate tax staffer and now a policy analyst at investment firm FBR Capital Markets.
That can happen without sweeping reforms if committee members cobble together some loophole closures, some budget cuts and small revenue raisers such as a broadcasting spectrum auction or higher mortgage guarantee fees, he said. Further ahead, shortly after the elections, the and Bush tax cuts will be due to expire again, with implications for many tax provisions, among them:. Expectations about how these will be handled will influence the discussion in coming weeks as well.
For a more in-depth look into alliantgroup, please visit www. Tagged as alliantgroup , Dean Zerbe , republicans , Tax Reform. Prior to joining Alliant in , Zimmer and his partners built a significant financial services firm that ultimately was sold to GMAC, where he served as Senior Vice President.
His career also includes corporate finance and venture capital experience while serving as Vice President at Security Pacific, which ultimately merged with Bank of America. Carpenter has more than 25 years of experience in the insurance industry and joined Alliant in when it acquired ClearPoint, a Seattle-based employee benefits consulting firm that he co-founded and where he served as CEO.
Prior to founding ClearPoint, Carpenter served as vice president of sales and marketing for a large regional insurance brokerage firm and as a group representative for Sun Life Insurance Company. Anders brings a multidisciplinary approach to the position well-suited for an industry where the worlds of finance and technology continue to merge.
Hurst joined Alliant in as a producer after a year tenure with the Factory Mutual Group. After joining his father, Frank Crystal, in , Crystal was named President in Kiehl also is the executive sponsor for the national philanthropy program and leadership development program.
Subsequently, she held several management positions with the company, and in was promoted to Managing Director of Brokerage Services. Peter Arkley serves as President of Alliant Specialty. He is responsible for development and implementation of the specialty business and financial strategy.
Arkley joined Alliant Insurance Services, Inc. Prior to joining Alliant, Arkley served as Chief Executive Officer of the construction operations at Aon, an international insurance brokerage firm.
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