Sample 179D Deductions

Tax payers no longer have to amend the return for 179D with the Revenue Procedure 2011-14, which allows taxpayers to claim this deduction back to 1/1/2006 without filing amended returns, instead file a Form 3115 (Change in Accounting Method) and will take the entire “catch up” deduction on the return that is being filed.

Square Feet Lights      HVAC     Envelope Full Tax
50,000 sf      $30k     $30K      $30K  $90K
100,000 sf     $60K      $60K      $60K $180K
300,000 sf     $180K    $180K    $180K $540K