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Frequently Asked Questions

The Federal R&D Tax Credit is a $1 for $1 credit against taxes owed (or paid) each tax year. 

The Federal R&D Tax Credit is a $1 for $1 credit against taxes owed (or paid) each tax year. 

Commercial building owners can take the 179D tax deduction for their energy efficiency projects dating back to 2006. For government, non-profit, and public buildings, the Section 179D deduction can be claimed by the primary designers. Designers can typically claim Section 179D deductions for projects completed in the preceding three years.

The Tax Credit takes the eligible project cost and multiplies it by a tax credit percentage.

The Base Credit is 6%.

The 5x bonus can turn 6% to 30%.

If the project is located in an Energy Community you can add an additional 10%.

If the project meets the Domestic Content requirements another 10% is possible.

Low Income Bonus can add 10% or 20% to the overall credit.

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Charles R. Goulding

President

Charles R. Goulding is an Attorney/CPA, President and founder of Energy Tax Savers/R&D Tax Savers, two divisions of a national tax consulting firm. Previously, he was a Managing Director at Cooper Industries Inc. (now Eaton) in Houston, Texas. Before joining Cooper, Mr. Goulding was a vice president of Dover Corporation, an eight billion dollar sales NYSE diversified industrial manufacturer. At both companies, Mr. Goulding created and administered company-wide R&D Tax Credit programs.  These programs encompassed both domestic and international business operations and have helped generate over $600 million in tax savings for their respective firms. Mr. Goulding has been at the forefront of R&D Tax Credit work since the credit’s inception in 1981.

Mr. Goulding has a law degree from Brooklyn Law School (Juris Doctor) and an MBA from Adelphi University.  Mr. Goulding also participated in Pace University’s Doctor of Business Administration Program. His undergraduate degree is from the State University of New York at Stony Brook where he was a double major in Political Science and Economics. He spent his junior year abroad at the University of Copenhagen, Denmark.

Mr. Goulding is a former President of the New York Chapter of the Tax Executives Institute and also participated in Pace University’s Doctor of Business Administration Program. He has served as the co-chairman of the Taxation of Mergers and Acquisition conferences in Chicago, Houston, New York City, San Francisco and Paris, France. He recently chaired New York’s Solar Investment Conference.

He has authored over 800 articles for numerous tax publications including International Business, International Tax Journal, Euromoney, Taxation for Accountants, The Practical Accountant, The CPA Journal, and Corporate Business Taxation Monthly.

Mr. Goulding successfully litigated the Dover Corporation case in U.S. Tax Court (the first check the box case) and the Pulsar International case on reasonable compensation. He is also the Mayor of the Village of Oyster Bay Cove, New York