IRS LB&I Active Campaigns: Energy Efficient Commercial Building Deduction (IRC §179D)

Active campaign related to the energy efficient commercial building deduction under tax code Section 179D, released June 23. The statute allows taxpayers who own or lease a commercial building to deduct the cost or portion of the cost of installing energy efficient commercial building property (EECBP). If the equipment is installed in a government-owned building, the deduction is allocated to the person(s) primarily responsible for designing the EECBP. The campaign’s goal is to ensure taxpayer compliance with the Section 179D deduction, the IRS stated. The treatment stream for the campaign is issue-based examinations, the IRS added. [LB&I ...