In front of some of the industry’s leading experts, KBKG was well-represented at this year’s Real Estate Roundtable (RER) State of the Industry event in Washington, DC. KBKG Principal, CJ Aberin, was invited by RER to panel a discussion on the energy tax incentives from the Inflation Reduction Act for the Tax and Sustainability Advisory … Read More
PASADENA, Calif., October 24, 2022 (Newswire.com) – KBKG Tax Credits & Incentives firm welcomes Jesse Stanley as its Director and Practice Leader of the 179D Tax Deduction Group. The firm has provided 179D engineering analyses to CPAs and businesses for over a decade. Jesse further expands KBKG’s expertise in the 179D, green energy, and sustainability … Read More
As featured in Accounting Today On Tuesday, August 16, 2022, President Biden signed the Inflation Reduction Act. Both existing and expired energy efficiency tax incentives including 179D Deductions and 45L Credits have been expanded significantly. Who Benefits? Commercial Building Owners Multifamily Building Owners Investors Developers Homebuilders Architects Engineers Design/Build Contractors Other designers and builders Increase … Read More
We recently posted a brief update on the Inflation Reduction Act. After negotiations between Senate Majority Leader Chuck Schumer and Senators Manchin and Sinema, an updated Inflation Reduction Act has passed the Senate and moves one step closer to being enacted through the House of Representatives and President Biden. With the Senate being the toughest … Read More
After months of negotiations, Senate Majority Leader Chuck Schumer, D-N.Y., and Sen. Joe Manchin, D- W. Va., reached a deal to move forward on a pared-down reconciliation bill on climate and taxes. The bill, titled the Inflation Reduction Act of 2022, aims to do the following: Reduce the deficit Invest in domestic energy production and … Read More
As featured in Accounting Today On Friday, June 24, 2022, the IRS Large Business and International (LB&I) Division released an updated 53-page Practice Unit on the Section 179D Energy Efficient Commercial Building Deduction. The purpose of this Practice Unit is to serve as a job aid and as a training manual on 179D tax deductions … Read More
Are you looking to upgrade your R&D credit or 179D provider? As you begin to evaluate potential service providers, it’s important to remember that there are significant differences between R&D credit and 179D advisors in the marketplace. Sometimes taxpayers are not immediately aware of how those differences may impact their experience from start to finish. … Read More
After months of negotiations, Congress will pass a $900 billion COVID-relief package along with a $1.4 trillion spending package that funds the government for the 2021 fiscal year. President Donald Trump is expected to sign and enact this bill. In addition to providing a second round of COVID relief, the spending bill includes tax relief … 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
On September 21, 2020, the IRS and Treasury Department finalized the last set of final regulations related to bonus depreciation. The originally proposed versions of these regulations were issued on September 24, 2019. The changes made were primarily in response to feedback submitted by tax preparers. Following are a few highlights. Qualified Improvement Property: On … Read More