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Tax Deduction Consulting: Commercial Real Estate Wasilla AK

The government promotes real estate ownership through tax deductions and incentives. This article focuses on the commercial real estate tax deduction.

Liberty Tax Service
(866) 871-1040
11409 Business Blvd # 1201
Eagle River, AK

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Liberty Tax Service
(866) 871-1040
11409 Business Blvd # 1201
Eagle River, AK

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H&R Block
(907) 222-2637
1120 HUFFMAN rdSTE 23
ANCHORAGE, AK

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H&R Block
(907) 283-4889
11312 KENAI SPUR HWY
KENAI, AK

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WRConkey's Accounting Service
(907) 717-5233
200 W 34th # 852
Anchorage, AK
Prices and/or Promotions
Fixed

Mr. Micah Vincent Shilanski (RFC®), CFP, CSA
(907) 278-1351
431 W. 7th Avenue Suite 100
Anchorage, AK
Company
Shilanski & Associates, Inc.
Qualifications
Years of Experience: 9
Membership
IARFC
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Pension Planning, Retirement Planning, Tax Planning, Tax Returns, Seminars Work, Employee Benefits, Stocks and Bonds, Mutual Funds, Mortgage Loans, CommOptions, Collectable Coins , Precious Metals, CD Banking, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Education Plan, Healthcare Accounts, BuySell

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H&R Block
(907) 338-4848
7731 E NORTHERN LIGHTS BLVD
ANCHORAGE, AK

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H&R Block Inside Eastview Center
(907) 337-1040
5520 LAKE OTIS PKWY STE 102
ANCHORAGE, AK

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H&R Block
(907) 646-9864
3101 PENLAND PARK STE H-2
ANCHORAGE, AK

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H&R Block
(907) 222-2978
5800 WESTOVER
ELMENDORF AFB, AK

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Tax Deduction Consulting: Commercial Real Estate

Commercial Real Estate Tax Deduction

The government promotes real estate ownership through tax deductions and incentives. This article focuses on the commercial real estate tax deduction.

If you are an owner of commercial real estate, deductions are coming your way. For individuals with investment and business properties, ownership can offer special tax deductions. If you choose your investment wisely, these incentives can be punctuated and enhanced. Most deductions come from those buildings in less affluent areas, and construction that enhances energy efficiency. Making the most of your commercial real estate in deductions is key to a hefty tax return for owners.

For any energy saving adjustments you make to your piece of real estate, you will see a significant deduction. Under the Energy Policy Act of 2005, property owners are subject to $1.80 of deduction per square foot. Every square foot that was enhanced for energy saving purposes is included. Such efficiencies include solar heating, sunroofs for lighting and even insulation advances. In order for these improvements to be included, there must be a fifty percent energy savings as a result of the work done.

If you choose to rebuild an old piece of property, you too will see deductions. If the building in question was built before 1936 or is a certified Historic Structure, you are in luck. As the owner of the building, it is assumed that you will be making upgrades to the property. If you renovate, restore or rebuild the building, you are entitled to ten to twenty percent credit of the expenditures. In addition, if you run a business that assists the economically challenged, there are several deductions your real estate property will be eligible for.

If your building meets requirements set forth by the Americans With Disabilities Act, you may also have deduction possibilities. After meeting certain requirements, such as a staff of less than thirty individuals, you are eligible for up to fifty percen...

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