• 45L Tax Credit
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    About the §45L Tax Credit The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 extended the Energy Efficient Home Credit which offers a 45L tax credit of $2,000 per dwelling unit to developers of 45L energy efficient residential buildings completed after August 8, 2005. Eligible Apartment Buildings, Condos, & Single Family Home…

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  • Tax Insight – New election MUST be filed in 2010 to claim 100% bonus depreciation
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    Author: Gian Pazzia, CCSP, Principal As we get closer to the tax deadline, we want to remind you that it may be extremely beneficial to use the new election introduced in Rec. Proc. 2011-26 that allows a taxpayer to claim 100% bonus depreciation on certain assets where they would otherwise be limited to 50% bonus….

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  • WOTC expansion proposed by President Obama
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    President Obama is commited to help military veterans enter civilian jobs. His proposal to expand WOTC includes: “The Wounded Warrior Tax Credit will double the existing tax credit for long-term unemployed veterans with service-connected disabilities. Maintain the existing Work Opportunity Tax Credit for veterans with service-connected disabilities (currently the maximum is $4,800). A new credit…

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  • Alternative and Renewable Energy
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    Author: PWC An article by PWC regarding “Alternative & Renewable Energy Tax Newsalert” + Read the article

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  • Congratulations, Marcus Weaver, SCSP; ASCSP Treasurer
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    KBKG congratulates Marcus Weaver, SCSP for being elected to serve as the Treasurer in the American Society of Cost Segregation Professionals (ASCSP) Board of Directors, Executive Committee for the 2011-2012 year. In addition Gian Pazzia, CCSP has also served on ASCSP’s Board of Directors since 2007, and is the current Chair of the Technical Standards…

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  • Expending Energy
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    Author: Chris Wood | Publication: Apartment Finance Today | May/June 2011 Once identified, tax breaks and utility rebates offer apartment operators decent incentives to engage in energy-efficiency projects. Adelaide Grady can point to one of the best green investments multifamily money can buy: For $6.35 at any big box retailer, you can get a tube…

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  • Obama’s Plan to Win the Future….
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    The White House / Office of Media Affairs President Obama’s Plan to Win the Future by Making American Businesses More Energy Efficient through the “Better Buildings Initiative” In his State of the Union, President Obama laid out his vision for winning the future by investing in innovative clean energy technologies and doubling the share of…

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  • Tax Relief Act (H.R. 4853) Overview
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    Author: Gian Pazzia, CCSP Summary of H.R. 4853 Benefits 100% Bonus Depreciation & Extension of 50% Bonus– Temporary 100% bonus depreciation deduction for qualifying property placed in service between 9/9/10 and 12/31/11. 50% Bonus Depreciation provisions have also been extended through the end of 2012 (2013 for certain property).   15-Year Life for Qualified Real…

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  • Tax Relief Act (H.R. 4853) Passed by Congress
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    President Obama is expected to sign the Bill soon. Many of the incentives are temporary so taxpayers should act quickly to take advantage of them. + Read the Bill

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  • Capitalization vs. Repairs – Audit Techniques Guide
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    Author: Gian Pazzia, CCSP – Principal The IRS recently released its Audit Techniques Guide related to issue of Capitalization vs. Repairs. This issue has received a significant amount of attention by the IRS over the last couple of years as many taxpayers have filed for Changes in Accounting Method to take advantage of missed deductions….

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