45L: The Energy Efficient Home Credit – Infographic

08/14/2017Energy Tax Incentives, Tax Insight

Homebuilders and multi-family developers have a unique opportunity to capitalize on an energy efficient home credit that is often overlooked. The 45L Tax Credit offers $2,000 per qualified dwelling unit that can also be claimed retroactively if missed in prior years; however, the clock is ticking. There is a limited timeframe for claiming missed credits, … Read More

KBKG Tax Insight: Is a More Valuable R&D Credit Coming Soon?

06/08/2017News, Tax Insight

The R&D tax credit, which awards companies large and small for their innovative efforts and that was made permanent in 2015, could now be more lucrative with new bi‐partisan support. Senators Chris Coons (D‐DE) and Pat Roberts (R‐KS) have introduced a bill increasing the R&D credit up to 25% for companies that not only conduct … Read More

Press Release: KBKG Launches New Payroll Tax Credit Estimator for Small Businesses & Start-Ups

05/18/2017News, R&D Tax Credit, Recent News

Pasadena, California, May 16, 2017 – KBKG, a nationwide tax services firm headquartered in Pasadena, California, recently launched a free calculator to help early-stage businesses save up to $250,000 in payroll tax. The Research and Development Tax Credit is now permanent, and its benefits extend to small businesses and start-ups who were previously unable to … Read More

KBKG Tax Insight: IRS Takes Controversial Position on Building Placed in Service Dates

05/11/2017Cost Segregation, News, Recent News, Tax Insight

Internal Revenue Service in Action on Action on Decision 2017-02 announced that it will continue to litigate the issue surrounding placed in service dates for certain buildings that have received their certificate of occupancy but aren’t ready and available for their “specifically assigned function.” In the case of a retail building, the IRS appears to … Read More

KBKG Tax Insight: R&D Tax Credits Payroll Tax Offset – Interim Guidance Notice 2017-23

04/24/2017News, R&D Tax Credit, Recent News, Tax Insight

The Treasury Department and Internal Revenue Service (IRS) released interim guidance surrounding the payroll tax credit election available to certain small businesses under Section 41(h) of the Internal Revenue Code (IRC). The addition of the payroll tax offset was introduced as part of the Protecting Americans from Tax Hikes (“PATH”) act of 2015. Notice 2017-23 … Read More

KBKG Tax Insight: IRS Updates Cost Segregation Audit Techniques Guide

04/18/2017Cost Segregation, News, Recent News, Tax Insight

The Internal Revenue Service (IRS) released a relatively substantial update to their Cost Segregation Audit Techniques Guide (ATG) in order to incorporate various tax and legal developments since it was first released. Originally published in 2004, the Cost Segregation Audit Techniques Guide assists IRS examiners during audits by providing an understanding of technical information, examination … Read More

Use the Residential Cost Segregator® for April 15 returns — Accelerate Deductions in Minutes

03/30/2017Cost Segregation, News

It is not too late to accelerate cost segregation deductions on smaller residential properties using the Residential Cost Segregator®. The software was designed for tax preparers and only takes 15 minutes! Just email the client an online questionnaire for details about their building, then let the software do the rest. For only $399, KBKG’s easy-to-use … Read More