The Repair Regulations or the Tangible Property Regulations are rules issued by the IRS with regards to the deduction and capitalization of expenditures related to tangible property. The Repair Regulations are applicable to businesses that acquire, produce, replace or improve tangible property. Application of the new Repair Regulations requires an in-depth understanding of various tax … Read More
News
Regulations TD 9666
Today, the Department of Treasury announced regulations TD 9666 that allows companies to claim the R&D Alternative Simplified Credit (ASC) on amended returns. This regulation significantly increases the amount of credit a company can claim. Experts are predicting that this will encourage small and medium size businesses to act and reassess the benefits of claiming … Read More
California Competes Tax Credit Applications Closes April 14
Businesses may now apply for the first round of awards under the California Competes Tax Credit program. The last date to register for the current application window is April 14, 2014. The California Competes Tax Credit was part of Governor Brown’s three part successor program to the Enterprise Zone tax credit, which is currently being … Read More
Energy Efficient Buildings Can Pay Off with Tax Credits
Federal Tax Incentives for Multi-Family DevelopersDevelopers in the multifamily industry are faced with the decision to build their projects to more energy efficient specifications or to keep them standard. The question for many has been – whether the prospective tenants will pay more in rent for a more energy efficient “green” property. Findings have indicated … Read More
New office in Bedford Texas
KBKG has recently opened a new office in Bedford, Texas. Bedford is conveniently located in the heart of the DFW Metroplex. The new office in Bedford, TX is under the care of our Senior Director, Eddie Price. Eddie is a Certified Cost Segregation Professional (CCSP) and he serves on the Executive Committee of the American … Read More
Giving Back to the Community
To promote team-building, philanthropy and overall support, KBKG has planned numerous volunteer activities in the upcoming months. The events that we have achieved thus far include: donating to the Foothill Unity Center for the “Warm the Tummy, Warm the Heart” Soup Drive in February, donating clothes to the Dolores Mission Thrift Shop during our “Spring … Read More
Eddie Price, Speaker at the Growth & Profitability Summit
Eddie Price, Director of Cost Segregation at KBKG, will be speaking at the Growth & Profitability Summit on “Clearing up the Confusion: The Latest on the Repair vs. Cap Regs”. His session will be held on Tuesday, October 22, from 11:40 a.m. – 12:30 p.m. To learn more about the Repair Regulations, go to: kbkg.com/repair-vs-capitalization … Read More
45L Tax Credit study 56 units apartments Los Angeles California
Summary: 56 units. Apartment complex. 12 buildings. All 56 units qualified. Results: Section 45L Tax Credits for 2011 = $112,000Details: 12 buildings, 56 units apartments located in Los Angeles, California. The apartments is a 56-unit complex comprised of 12 buildings that are each no more than 3 stories above grade. 56 dwelling units were leased … Read More
45L Tax Credit study 56 units apartments Bakersfield California
Summary: 56 units. Apartment complex. All 56 units passed. Results: Section 45L Tax Credits for 2011 = $112,000Details: The apartments located in Bakersfield, California is a 56-unit residential complex comprised of 6 buildings that are each no more than 3 stories above grade. 56 dwelling units were leased to residents in 2011.The apartment property in … Read More
45L Tax Credit study 91 units apartments Panorama City California
Summary: 91 units. Apartment complex Results: Section 45L Tax Credits for 2011 = $196,000.Details: The 98-unit senior apartment complex in Panorama City, California, comprised of 2 buildings that are each no more than 3 stories above grade. 98 dwelling units were leased to residents in 2011. The property is located in Climate Zone 3B as … Read More