[RE-wrenches] Tax credit question.

2013-07-27 Thread Jesse Dahl
Hello, I've been searching the archives and haven't been able to find the answer to my question so I figured I'd ask here. Would an off-grid system installed on a hunting shack qualify for the federal ITC? We don't have any statewide rebates in MN, so this would be their only incentive. Tha

Re: [RE-wrenches] Tax credit question.

2013-07-27 Thread Bob-O Schultze
I have had several offgrid clients apply for and get the Fed ITC for offfgrid systems. You should go to dsireusa.org and read the law. As far as I can tell, so long as your clients fulfill the rest of the requirements, IE the system is installed on their primary residence, etc, then they should

Re: [RE-wrenches] Tax credit question.

2013-07-27 Thread danbob88
Has to be used as a residence, but does NOT have to be the primary residence. Dan Fink Sent from my iPod On Jul 27, 2013, at 9:43, Bob-O Schultze wrote: > I have had several offgrid clients apply for and get the Fed ITC for offfgrid > systems. You should go to dsireusa.org and read the law.

Re: [RE-wrenches] Tax credit question.

2013-07-27 Thread Bob-O Schultze
Right, I stand corrected. Still, a hunting cabin would be pushing it. On Jul 27, 2013, at 10:23 AM, danbo...@gmail.com wrote: Has to be used as a residence, but does NOT have to be the primary residence. Dan Fink Sent from my iPod On Jul 27, 2013, at 9:43, Bob-O Schultze wrote: > I have had

Re: [RE-wrenches] Tax credit question.

2013-07-27 Thread danbob88
Not for SOME hunters I know! :P Dan Sent from my iPod On Jul 27, 2013, at 10:31, Bob-O Schultze wrote: > Right, I stand corrected. Still, a hunting cabin would be pushing it. > > On Jul 27, 2013, at 10:23 AM, danbo...@gmail.com wrote: > > Has to be used as a residence, but does NOT have to b

Re: [RE-wrenches] Tax credit question.

2013-07-27 Thread Jesse Dahl
That's the thing, this thing is nicer then my house! It's used as a "home" all of Oct, sept, and nov. for duck, grouse and deer hunting. During the summer, at least one of the owners is there For a few days every other week. It is not occupied in the dead of winter due to the roads not being plo

Re: [RE-wrenches] Tax credit question.

2013-07-27 Thread Allan Sindelar
"Consult your tax advisor"... Jesse, any advice you give your customer other than the words above could get you into trouble. We're solar installers, not tax advisors. I always pass the buck on this kind of question. Allan

Re: [RE-wrenches] Tax credit question.

2013-07-27 Thread Jesse Dahl
The customer did contact their advisor and in their situation they will qualify according to the tax man. Thanks, Jesse Sent from my iPhone On Jul 27, 2013, at 2:20 PM, Allan Sindelar wrote: > "Consult your tax advisor"... > Jesse, any advice you give your customer other than the words

Re: [RE-wrenches] Tax credit question.

2013-07-27 Thread Ray Walters
I use language like: "you may be eligible; it depends on interpretation; some people have taken the credit in this case; its not my business what you claim on your taxes," all followed by Allan's "check with your accountant, I'm not a licensed CPA" I feel that its fine to mention the

[RE-wrenches] Tax credit question.

2013-07-27 Thread frenergy
Alan, I have always defaulted to that advice also. Just last week, after I had told a customer a 30% ITC is still available and told him to confirm that with his tax advisor to be sure he could take full advantage of it (some folks have to take the 30% over a couple years), he came back

Re: [RE-wrenches] Tax credit question.

2013-07-27 Thread Jesse Dahl
So, has anyone had a customer install a ITC eligible system on a second "residence" and claim the credit? Jesse Sent from my iPhone On Jul 27, 2013, at 4:36 PM, Bob-O Schultze wrote: > Here is IRS Form 5695. You can hand them a copy and they can make the > determination themselves. As All

Re: [RE-wrenches] Tax credit question.

2013-07-27 Thread danbob88
Yes. The IRS will only examine the tax credit if they get audited. Dan Sent from my iPod On Jul 27, 2013, at 14:41, Jesse Dahl wrote: > So, has anyone had a customer install a ITC eligible system on a second > "residence" and claim the credit? > > Jesse > > > > Sent from my iPhone > > On

Re: [RE-wrenches] Tax credit question.

2013-07-27 Thread danbob88
Methinks you are correct on the form Bob-o; our clients bean counter must use some clever definitions of "main" Dan Sent from my iPod On Jul 27, 2013, at 14:36, Bob-O Schultze wrote: > Here is IRS Form 5695. You can hand them a copy and they can make the > determination themselves. As Allan

Re: [RE-wrenches] Tax credit question.

2013-07-27 Thread penobscotsolar
We have had at least a half dozen off grid folks with "camps" in Maine where they stay for a couple of months every year be completely honest with their tax person and receive the 30% federal tax incentive. Their tax people were comfortable with the wording vs. the use of the building with the inst

Re: [RE-wrenches] Tax credit question.

2013-07-27 Thread Bob-O Schultze
IMHO, the best tax guys are 51% honest and 49% lying, cheating crooks. Better than the average politician. Yep, you can get away with anything and everything until or unless you catch an audit. Then it becomes a question of you making an "honest" mistake -in which case you just get to pay throu