You don’t need an inventory of lab coats and beakers to claim the Research & Development Tax Credit, and you don’t have to design a LEED certified building to qualify for 179D Energy Efficient Building Tax Deductions. There are myths and misconceptions about these specialty tax incentives that are preventing businesses in the AEC industry from claiming them and maximizing their benefit.

This course will debunk some of these myths and misconceptions while reviewing the following:

  • Qualified research under Internal Revenue Code (IRC) Section 41 (lab coats not required)
  • Qualified research performed on projects under contract with clients
  • Requirements for claiming 179D Energy Efficient Commercial Building Tax Deductions
  • Example qualifying activities and case studies
  • IRS & state agency audits and recent developments in tax controversy

After viewing this webinar, you will be able to:

  • Debunk several misconceptions about both R&D Tax Credits & 179D Tax Deductions that prevent businesses in the AEC industry from claiming them and maximizing their benefit
  • Identify the activities performed by employees at their company that absolutely qualify for R&D Tax Credits
  • Understand projects under contract can qualify for R&D Tax Credits not solely based on the TYPE of contract, but on the actual RIGHTS and RISK
  • Recognize the ACTUAL risks of audits and how to prepare for them