Architecture and engineering firms that are not claiming R&D Tax Credits, Employee Retention Tax Credits, or 179D are potentially leaving millions of dollars in tax benefits on the table each year. What are these benefits, and what cash flow is being overlooked? R&D Tax Credit Architecture and engineering firms may want to take another look … Read More
The following article is featured on Andersen Alumni. Former alumni Gian Pazzia and CJ Aberin live by the Arthur Andersen motto: Think Straight, Talk Straight. As founding partners of KBKG, one of the largest independent specialty tax firms in the country, they have worked to preserve that legacy both professionally and personally. While both Gian … Read More
The House of Representatives have advanced the Moving Forward Act, a $1.5 Trillion infrastructure proposal. The purpose of the plan is to focus more closely on ways to reduce emissions, develop public land, improve communities and transit systems, among other key features. The Moving Forward Act includes the new energy efficient home credit (45L) extending … Read More
On Friday, December 20th, President Trump signed and enacted a $1.4 trillion spending package that funds the government for the 2020 fiscal year, averting a second government shutdown for 2019. Included in the spending bills are numerous tax extenders, including many that had originally expired at the end of 2017. Among these tax breaks are … Read More
For the most up-to-date information on Qualified Improvement Property, see our latest post. Our technical team has been keeping tabs on the latest updates on the Hill in regards to tax extenders and technical corrections, given how they may impact Green Building Tax Incentives (45L and 179D) and the cost recovery of Qualified Improvement Property … Read More
![[WEBINAR] Tax Legislative Outlook for Real Estate](https://www.kbkg.com/wp-content/uploads/Copy-of-Tax-Legislative-Outlook-for-Real-Estate.jpg "[WEBINAR] Tax Legislative Outlook for Real Estate")
Our technical team at KBKG has been working with those in DC who endeavor to bring more certainty to the real estate industry. Tax extenders and technical corrections to tax reform such as the “retail glitch,” still need to be addressed, but there has been movement. As Congress continues negotiations on appropriations, a stage has … Read More
Yesterday, a letter signed by over 70% of House Democrats was delivered to Speaker Nancy Pelosi and House Majority Leader Steny Hoyer urging them to prioritize the inclusion of clean energy tax policies in negotiations around must-pass legislation this year. As the House Ways and Means Committee takes action on a clean energy tax package, … Read More
Senators Maggie Hassan (D-NH) and Susan Collins (R-ME), as well as United States Representatives Jimmy Gomez (D-CA) and Mike Kelly (R-PA), introduced the bipartisan New Home Energy Efficiency Act to extend the 45L Tax Credit. The bill proposes to retroactively extend the $2,000 credit per home from 2018 through 2020. Additionally, starting in 2021, the … Read More
Update as of 5/23/2019: The House Ways and Means Committee is currently putting together a package to address tax extenders such as the 45L tax credit and 179D tax deduction. Currently, a markup on tax extenders is expected sometime in June. BREAKING NEWS from 5/15/2019: The Senate Finance Committee launched bipartisan taskforces to address tax … Read More
Senate Update Last Thursday, February 28, 2019, Senate Finance Committee Chairman Chuck Grassley (R. Iowa) and Ranking Member Ron Wyden (D. Oregon) introduced bipartisan legislation to retroactively extend tax extenders for 2018 and 2019 while also providing disaster tax relief benefits to those affected by major disasters in 2018. “Congress needs to get out of … Read More