Written by Jason Thompson and Gregory Martin [February 19, 2013/National]
Building owners and tenants who construct new buildings or improve existing buildings often miss out on valuable tax deductions at the time the building or improvement was originally placed into service. Until recently these deductions were lost forever unless filed on a current-year return or through amending prior-year returns. Recent IRS guidance enables building owners and tenants to take the deductions this year for projects as far back as 2006—without amending tax returns.
These are known as Section 179D deductions, and they allow owners and tenants who have made energy-efficient improvements to claim valuable deductions by making an accounting method change. By way of example, a 100,000-square-foot office building could yield up to $180,000 in accelerated deductions for the building owner or the tenant that owns the improvements.
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Ryan Eaton joined Saurage Rotenberg Commercial Real Estate in 2011. Ryan is a graduate of Lee High School and Louisiana State Universtiy (LSU) where he earned a Bachelor of Arts degree with concentrations in business, sociology and speech communication. Ryan’s professional memberships include the Greater Baton Rouge Association of REALTORS® Commercial Investment Division, Louisiana Commercial Database (LACDB). He is also a member of the Baton Rouge Advocates for Safe Streets (BRASS).
Saurage Rotenberg Commercial Real Estate is a member of the Baton Rouge Area Chamber of Commerce (BRAC); the West Baton Rouge Chamber of Commerce; the Baton Rouge Growth Coalition; the Baton Rouge Better Business Bureau; the Louisiana Commercial Data Base (LACDB); and the International Council of Shopping Centers (ICSC). Several agents, on an individual basis, are members of the Society of Industrial and Office Realtors® (SIOR), the Certified Commercial Investment Member Institute (CCIM); the National Association of REALTORS® (NAR); and the Greater Baton Rouge Association of REALTORS® Commercial Investment Division (CID).