It is no secret that many companies see overseas markets as a pillar of long-term growth strategies. Whenever a US business makes investments internationally or a foreign parent expands to the US market, company management is often surprised by a host of new tax requirements. Regardless of whether a company has a well-established global footprint … 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
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 for 2018 and beyond. We will post our updates here to keep you … Read More
![[PRESS RELEASE] Tax Specialty Firm KBKG Joins Real Estate Roundtable](https://www.kbkg.com/wp-content/uploads/RER-Press-Release-Blog.jpg "[PRESS RELEASE] Tax Specialty Firm KBKG Joins Real Estate Roundtable")
Last year, specialty tax incentive firm KBKG joined the Real Estate Roundtable (RER), and several of KBKG’s executive leadership team currently serve as members of the organization’s President’s Council, Associate Council, and Committees. RER’s mission is to bring together leaders of the nation’s top, publicly held and privately-owned firms with major national real estate industry … Read More
As a follow up to the KBKG Tax Insight article, Impact of Final Regulations and New Proposed Regulations for Additional First Year Depreciation Deduction, released last week providing a summary of the new final proposed regulations for additional first year depreciation deduction, we now dive deeper into the impact of floor plan financing indebtedness upon … 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
On September 13, 2019, the IRS and Treasury Department released the much-anticipated final regulations that provide guidance regarding additional first year bonus depreciation deductions under section 168(k) of the Internal Revenue Code (REG-104397-18). While the final regulations clarified some questions, there are still a few issues left to be resolved. The IRS and Treasury Department … Read More
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 Treasury denied 15-year treatment with the explanation which stated that, in order to … Read More
Are you or your clients interested in performing a cost segregation study as we look toward the upcoming extension deadline? If so, now is the time to get started to meet the September 15th tax deadline. KBKG is committed to timely work, and we are starting to get busy with Cost Segregation projects. Help us … Read More
![There’s Still Time to Claim the R&D Tax Credit on Extension [Infographic]](https://www.kbkg.com/wp-content/uploads/Claim-the-RD-Tax-Credit-on-Extension.jpg "There’s Still Time to Claim the R&D Tax Credit on Extension [Infographic]")
Are you or your clients interested in claiming the R&D Tax Credit? Good news. There is still time to perform a study for inclusion on your extended returns, but you must act fast. Time is running out. What is the R&D Tax Credit? The Research and Development Tax Credit can be applied to qualified research … Read More