KBKG Tax Insight: Maximizing the Value of the Orphan Drug Tax Credit

07/19/2017News, R&D Tax Credit, Recent News, Tax Insight

The Pharmaceutical and Life Sciences industry currently faces a range of issues, including the rising costs of discovery and development, major losses of revenue due to patent expirations, and increased complexities due to demanding regulatory requirements. Moreover, developers of orphan drugs must overcome a host of additional challenges that make it difficult to recoup investments … Read More

IRS provides 1 year extension to claim missed repair deductions on 2015 returns

06/03/2016News, Recent News, Repair Regulations, Tax Insight

The recently released Rev. Proc. 2016-29 details new procedures for automatic accounting method changes, as discussed in a previous KBKG Tax Insight, and effectively provides a one year extension for taxpayers to implement many portions of the Tangible Property Regulations (TPR). Taxpayers are generally not permitted to make an automatic method change if they made … Read More

45L Tax Credit


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 … Read More

WOTC expansion proposed by President Obama


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 … Read More

Congratulations, Marcus Weaver, SCSP; ASCSP Treasurer


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 … Read More

Expending Energy


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 of acrylic latex caulk and a caulk gun that can immediately … Read More

Obama’s Plan to Win the Future….


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 … Read More

Tax Relief Act (H.R. 4853) Overview

01/10/2011Tax Insight

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 Property – 2-year extension … Read More