Re: [RE-wrenches] Tax credit question.

2013-07-30 Thread Dave Click
The obvious disclaimers of course apply to this message... The only time a customer would find out that they were disallowed is if they are audited, right? Anyway, from the 5695 form sent out earlier, emphasis added: Qualified solar electric property costs. Qualified solar electric property

Re: [RE-wrenches] Tax credit question.

2013-07-30 Thread Drake
I have a customer that is interested in putting PV on a residential rental property. Does this qualify? At 08:31 AM 7/30/2013, you wrote: The obvious disclaimers of course apply to this message... The only time a customer would find out that they were disallowed is if they are audited,

Re: [RE-wrenches] Tax credit question.

2013-07-29 Thread Michael Welch
Hi gang. If you have any questions about this post, please contact me off-list. Great answers in this thread, specially with regard to limiting your liability with regard to tax questions from customers. But I also want to remind folks that there are some great RE policy experts on our sibling

Re: [RE-wrenches] Tax credit question.

2013-07-29 Thread Larry Crutcher, Starlight Solar Power Systems
We install hundreds of RV power systems, as high as $18,000 cost, and tell all of our customers about the tax credit. Many have reported back that they were allowed the tax credit. No one has ever told me it was disallowed. Some customers are full time, some only use the RV occasionally.

[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.

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

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 bo...@electronconnection.com wrote: I have had several offgrid clients apply for and get the Fed ITC for offfgrid systems. You should go to

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

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 bo...@electronconnection.com 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

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

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 al...@positiveenergysolar.com wrote: Consult your tax advisor... Jesse, any advice you give your

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
to the ITC to future potential customers, and give them the advice of speaking to their tax person. Bill Feather River Solar Electric - Original Message - From: Allan Sindelar To: RE-wrenches Sent: Saturday, July 27, 2013 12:20 PM Subject: Re: [RE-wrenches] Tax credit question

Re: [RE-wrenches] Tax credit question.

2013-07-27 Thread Jesse Dahl
: [RE-wrenches] Tax credit question. 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 Allan Sindelar al

Re: [RE-wrenches] Tax credit question.

2013-07-27 Thread danbob88
person. Bill Feather River Solar Electric - Original Message - From: Allan Sindelar To: RE-wrenches Sent: Saturday, July 27, 2013 12:20 PM Subject: Re: [RE-wrenches] Tax credit question. Consult your tax advisor... Jesse, any advice you give your customer other than

Re: [RE-wrenches] Tax credit question.

2013-07-27 Thread danbob88
: [RE-wrenches] Tax credit question. 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 Allan Sindelar al

Re: [RE-wrenches] Tax credit question.

2013-07-27 Thread penobscotsolar
- From: Allan Sindelar To: RE-wrenches Sent: Saturday, July 27, 2013 12:20 PM Subject: Re: [RE-wrenches] Tax credit question. 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

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