Follow KBKG on Social Media Linkedin Facebook X-twitter Youtube By Tetyana Guguchkina, Elise Rhee, & Michael Maroney | Research & Development Tax Credits California is poised to overhaul its R&D Tax Credit with Senate Bill 711 (SB 711), which proposes replacing the state’s Alternative Incremental Research Credit (AIRC) with a new Alternative Simplified Credit (ASC) … Read More
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
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
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
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
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
Follow KBKG on Social Media Linkedin Facebook X-twitter Youtube By Jonathan Tucker | Principal, Research & Development Tax Credits On May 12, 2025, the House Ways and Means Committee released a larger text than what Chairman Jason Smith (R-MO) released on May 9 for proposed tax legislation as part of the FY 2025 budget reconciliation process. … Read More
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
Follow KBKG on Social Media Linkedin Facebook X-twitter Youtube By Gian Pazzia | Chairman & Chief Strategy Officer According to the U.S. Senate Committee on Finance website posted on April 15, 2025, the IRS has confirmed that so-called “tribal tax credits” or “Native American Income Tax Credits” being sold by several promoters are fraudulent. Senators … Read More
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