KBKG Tax Insight: Final Regulations and New Proposed Regulations for Additional First-Year Depreciation Deduction

09/17/2019

For the most up-to-date information on Qualified Improvement Property, see our latest post. On September 13, 2019, the IRS and Treasury finalized first-year bonus regulations (REG-104397-18). In tandem, they issued additional proposed regs (REG-106808-19) for bonus nuances. Here are a few highlights: Final Regulations: Qualified Improvement Property (QIP) – 2018 and beyond: The IRS and … Read More

Featured Speaker – Eddie Price

09/05/2019

Our Director, Eddie Price, has been featured as a speaker for Wolters Kluwer | CCH CPELink. He’ll be discussing Advanced Tax Planning with Cost Segregation on September 17th at 12 PM Pacific on their platform. With over 35 years of experience, Eddie has been a featured speaker and author for agencies such as The Tax … Read More

Evaluating a Cost Segregation Provider? Consider Someone with the ASCSP Certification

07/23/2019

Are you considering a cost segregation study? As you begin to evaluate potential service providers, it’s important to remember that there are significant differences among cost segregation advisors in the marketplace. Sometimes taxpayers are not immediately aware of how those differences may impact their experience from start to finish. The American Society of Cost Segregation … Read More

Tax Tip for Small Businesses: The Benefit of Bonus Depreciation

05/08/2019

In recognition of Small Business Week, here’s a quick tax tip to fuel your business: Bonus depreciation is a tax incentive that allows a business to immediately deduct a large percentage of the cost of an eligible asset instead of recovering the amount over the tax life of the asset. The Tax Cuts and Jobs … Read More

KBKG Tax Insight: The Impact of TCJA on Cost Segregation & Like-Kind Exchange

04/02/2019

Reproduced with permission from Daily Tax Report, 62 DTR 12, 4/2/19. Copyright _ 2019 by The Bureau of National Affairs, Inc. (800-372-1033) https://news.bloombergtax.com/daily-tax-report/insight-tax-insight-the-impact-of-tcja-on-cost-segregation-and-like-kind-exchange Like-kind exchange has been a popular tax deferral tool for decades. Under IRC 1031, a taxpayer can defer tax on gain from the sale of a business or investment property if it … Read More

Tax Reform Makes it Easier to Generate Deductions with Cost Segregation

01/18/2019

In 2018, the tax reform changes made cost segregation studies more valuable than before. Under the new law, any building components with a tax recovery period of 20 years or less, are eligible for 100% Bonus Depreciation. Historically, bonus depreciation only applied to newly constructed property, but now it’s available for any acquired property. These … Read More

KBKG Tax Insight: Updates to “Qualified Improvement Property”

11/09/2018

For the most up-to-date information on Qualified Improvement Property, see our latest post. With the 2017 tax year behind us, tax professionals are laser focused on the various new rules presented by the recent Tax Cuts and Jobs Act (TCJA) effective for the 2018 tax year. One of the most significant changes related to real … Read More

KBKG Tax Insight: Utilize Statistical Sampling with Cost Segregation

09/04/2018

If you are a taxpayer that owns multiple building improvement properties which are similar in construction, utilizing a statistical sampling along with cost segregation can greatly reduce the fees and resources needed to allocate each property for tax depreciation. Pairing this with an accounting method change to claim missed cost segregation opportunities over multiple years … Read More

Eddie Price Elected to ASCSP Board of Directors

08/17/2018

Eddie Price, Director of KBKG, a nationwide tax credits, incentives, and cost recovery firm, was recently elected to the board of directors for non-profit organization, the American Society of Cost Segregation Professionals (ASCSP), for a subsequent two-year term. ASCSP was founded in 2006 to address the growing need for credentials, technical standards, education, and a … Read More