IRS – Walker Blue

Understanding IRS Notice 2025-42: Navigating the New Beginning of Construction Rules for Clean Electricity Credits in Wind and Solar Projects

August 18, 2025August 15, 2025 by Julie Chesna

By Josh Howes, CEO Executive Summary The clean energy landscape is evolving rapidly, with significant legislative and regulatory changes aimed at promoting sustainable development while ensuring fiscal responsibility. IRS Notice 2025-42, issued in response to the One Big Beautiful Bill Act (OBBBA) and Executive Order 14315, introduces stringent guidelines for determining when construction begins on … Read more

IRS Releases New Practice Unit on IRC 179D Deduction: Why Expert Guidance is Key to Compliance

August 14, 2025April 1, 2025 by Elspeth Curtis

On February 27, 2025, the IRS Large Business and International (LB&I) division released a comprehensive Practice Unit on the IRC 179D Energy Efficient Commercial Building Deduction. This document—aimed at IRS examiners—serves as both a training tool and procedural guide for audits and claims involving 179D deductions. While not official law, these Practice Units offer a … Read more

Navigating IRS Crackdowns, Section 174 Adjustments, and How 179D Deductions Can Help Architects, Engineers, and ESCOs

August 14, 2025March 17, 2025 by Elspeth Curtis

The IRS Is Watching: What Architects, Engineers, and ESCOs Need to Know The IRS is ramping up its enforcement efforts, and if you’re in the architecture, engineering, or energy services industries, you need to be paying attention. The latest IRS campaign focuses on tax disclosure compliance, whistleblower incentives, and cracking down on taxpayers who aren’t … Read more

The benefit of “new phase” energy-efficient improvements to previously claimed 179D projects

August 13, 2025September 19, 2023 by Elspeth Curtis

The benefit of “new phase” energy-efficient improvements to previously claimed 179D projects Until the passage of the Inflation Reduction Act of 2022, property owners had a lifetime max per building of $1.80/sf to pursue Section 179D tax deductions: There’s an important new change that property owners should also know about. Prior to IRA … Read more

What are the 2023 updates to Form 8908?

August 5, 2025August 22, 2023 by Elspeth Curtis

What are the 2023 updates to Form 8908? Form 8908 is the document eligible contractors use to claim the Section 45L tax credit. This IRS credit incentivizes homebuilders and developers to construct energy-efficient residential properties. Continuing to leverage this credit provides substantial tax benefits and actively contributes to promoting sustainable and eco-friendly housing options. … Read more

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