Navigating the Updated IRS Cost Segregation Audit Techniques Guide: What’s New?

05/30/2025

Follow KBKG on Social Media Linkedin Facebook X-twitter Youtube By Amar Patel | Principal, Cost Segregation Cost Segregation remains one of the most powerful tax strategies for real estate investors, allowing them to accelerate depreciation and maximize deductions. On February 6, 2025, the IRS published the latest edition of the Cost Segregation Audit Techniques Guide (ATG), … Read More

House Narrowly Passes Major GOP Tax Bill 215–214, Senate Signals Revisions Ahead

05/22/2025

Follow KBKG on Social Media Linkedin Facebook X-twitter Youtube By Jonathan Tucker | Principal, Research & Development Tax Credits Just after midnight on Thursday, May 22, 2025, a full House debate on the multi-trillion-dollar tax bill began, and the House narrowly passed this sweeping tax and spending package dubbed the “One Big Beautiful Bill Act” with … Read More

How The Short-Term Rental Loophole & Cost Segregation Can Benefit Passive Investors

05/21/2025

Follow KBKG on Social Media Linkedin Facebook X-twitter Youtube By Amar Patel | Principal, Cost Segregation Real estate investors know that tax strategies can make all the difference in maximizing profits. One of the most powerful, yet underutilized, tools available is the short-term rental (STR) loophole. This allows real estate investors to utilize property-related rental losses … Read More

House Committee Advances Major GOP Tax Bill Amid Internal GOP Divisions

05/19/2025

Follow KBKG on Social Media Linkedin Facebook X-twitter Youtube By Jonathan Tucker | Principal, Research & Development Tax Credits On May 18, 2025, the House Budget Committee narrowly approved a major tax and spending package dubbed the “One Big Beautiful Bill Act” with a 17-16 vote. Four Republicans voted “present,” highlighting growing tension within the party … Read More

Senate Reacts to Key Provisions from House Tax Bill, Eyeing Permanent R&D Expensing

05/16/2025

Follow KBKG on Social Media Linkedin Facebook X-twitter Youtube By Jonathan Tucker | Principal, Research & Development Tax Credits Important developments recently came out of Congress related to the House’s ongoing reconciliation efforts, specifically around tax provisions that impact businesses directly, most notably, research and development (R&D) expensing. At a recent Tax Council Policy Institute conference, … Read More

KBKG Tax Insight: Minnesota Prevailing Wage Requirement on LIHTC Projects Can Be Offset By the 45L Energy Tax Credit

04/22/2025

Follow KBKG on Social Media Linkedin Facebook X-twitter Youtube By Brandon Val Verde | Director – Green Building Tax Incentives Minnesota is the first state to extend prevailing wage requirements to affordable housing developments utilizing Low-Income Housing Tax Credits (LIHTC). Under this new law, multifamily housing projects with more than 10 units that receive LIHTC … Read More

House Passes 2025 Budget Resolution, Paving Way for Tax and Spending Reform

04/10/2025

Follow KBKG on Social Media Linkedin Facebook X-twitter Youtube By Jonathan Tucker | Principal, Research & Development Tax Credits On April 10, 2025, the U.S. House of Representatives approved the final version of the Fiscal Year (FY) 2025 budget resolution (H. Con. Res. 14) by a razor-thin margin of 216 to 214, which will incorporate amendments … Read More

Senate Budget Maneuvers Could Rewrite Rules on TCJA Permanency

04/03/2025

By Jonathan Tucker | Principal, Research & Development Tax Credits On April 2, 2025, Senate Republican leaders released a budget resolution that, once voted on, would begin the reconciliation process for tax reform. This is a similar framework to what the House passed in February. This Senate framework aims to keep tax cuts from the 2017 … Read More