Nationwide to Fuel Your Tax Saving Programs
KBKG Receives Accreditation as AIA Continuing Education Provider for Architects
PASADENA, Calif. – KBKG, a tax credits and incentives consulting firm, has announced its certification as an American Institute of Architects (AIA) Continuing Education Provider. KBKG’s classes will be instructed by its Director, Jesse Stanley, P.E., who will lead the courses for providers looking to maximize tax savings on energy-efficient building designs. Stanley is the … Read More
IRS Issued Additional Guidance on Section 174, Specified Research or Experimental Expenditures
This article has been updated from its original posting on Dec. 15, 2022. The Treasury Department and Internal Revenue Service (IRS) issued Revenue Procedure 2023-11 providing updated guidelines for accounting method changes for the treatment of specified research or experimental expenditures under Section 174 that changed with the Tax Cuts and Jobs Act of 2017 … Read More
KBKG Tax Insight: Tax Court Denies Construction Company R&D Credits
A summary judgment was recently granted when the government successfully argued that a construction company did not conduct qualified research activities during the tax year in question and was therefore not entitled to the $576,756 refund they were paid. In this case, the defendant was a shareholder of a civil construction company and the contested … Read More
KBKG Tax Insight: IRS warns Taxpayers of Improper Employee Retention Credit Claims and ERC Mills
The IRS recently published IR-2022-183, warning employers to be wary of third parties who are advising them to claim the Employee Retention Credit (ERC) when they may not qualify. As part of this notice, the IRS included several red flags that business owners and CPAs should look out for, many of which we have highlighted … Read More
An Introduction to the Reverse Plea to the U.S. Senate and House of Representatives to Extend Section 174
Over 150 U.S.-based businesses and trade associations recently issued a plea to the U.S. Senate and U.S. House of Representatives leadership urging Congress to extend Section 174 provisions allowing taxpayers to deduct 100% of Section 174 R&E expenditure in the year they were incurred. Historically, 100% of Section 174 R&E expenditures could be 1) deducted … Read More
KBKG Tax Insight: IRS To Target Abusive ERTC Claims. Analysis of Government Shutdown & Supply Chain Rules
As Featured in Accounting Today One of the biggest issues being discussed by the IRS, Congress, and the AICPA are the millions of businesses that are being targeted by tax credit companies looking to help them claim the Employment Retention Tax Credit (ERTC). While it’s true that many companies qualify, there is significant concern about … Read More
![[PRESS RELEASE] KBKG Named One of the World’s Leading Transfer Pricing Practices by International Tax Review](https://www.kbkg.com/wp-content/uploads/KBKG-Transfer-Pricing_2023.jpg "[PRESS RELEASE] KBKG Named One of the World’s Leading Transfer Pricing Practices by International Tax Review")
[PRESS RELEASE] KBKG Named One of the World’s Leading Transfer Pricing Practices by International Tax Review
Chicago – September 19, 2022 – For the second year in a row, KBKG, a nationally recognized tax specialty firm, was named one of the world’s leading transfer pricing firms by the International Tax Review for 2022-23. The International Tax Review, which surveys and analyzes more than 13,000 clients and 2,700 practitioners, identifies the most … Read More
More U.S. States Introduce Amnesty Programs for Transfer Pricing Issues: Time to Write a Check?
Some taxpayers equate voluntary state tax amnesty programs with an episode of “The Sopranos” operating in New Jersey– volunteer to pay us now, or you pay much more when we visit later during an audit. State transfer pricing amnesty programs have become more popular recently as states including New Jersey, North Carolina, Indiana, and Louisiana … Read More
