July 6th Amended Return Deadline for 174 Costs
Eligible small businesses have until July 6, 2026 to file amended returns to retroactively deduct certain domestic research and experimental expenditures that…
Tax Incentives for the Communications & Utilities Industry
Find out if you qualify
Ready to get started? Complete the form below, and one of our specialists will contact you.
Communications & Utilities Industry Tax Saving Opportunities
Research and Development (R&D) Tax Credit
Federal credit worth approximately 7% to 10% of qualified research expenditures related to designing, developing and improving processes, formulae, and software. State R&D tax credits may also be available, allowing eligible companies to maximize their tax benefits.
Cost Segregation for Buildings & Improvements
Any building acquisition or/and improvements over $1.5M should be reviewed for proper classification of the individual components for tax depreciation.
Repair vs. Capitalization Review §263(a)
Taxpayers often capitalize major building expenditures that could be claimed as current year deductions for repairs and maintenance such as HVAC units, roofs, parking lots and more.
Fixed Asset Review
Evaluating a company's entire fixed asset schedule to identify assets that can be optimized for federal and state tax purposes. Taxpayers utilizing the book method of accounting for tax are not maximizing their available deductions.
IC-DISC
The IC-DISC is a federal tax incentive that provides significant, permanent tax savings for U.S. companies that export.
Negotiated Incentives
KBKG helps businesses secure and maximize state and local incentive programs that reduce project costs and improve long-term return on investment.
Predominant Use Study
These studies determine the percentage of utilities used in qualifying processes, enabling businesses to claim important sales tax exemptions and reduce operating costs.
Communications & Utilities Industry Tax Insights
REIT Distribution Planning: How Cost Segregation Creates Deployable Cash
REITs often focus on maximizing shareholder value and maintaining strict compliance with REIT qualification rules. One of the most effective financial planning tools available is cost segregation…
Boston BERDO Deadline Moved to Aug. 15, 2026: What Building Owners Should Do Now
Follow KBKG on Social Media Linkedin Facebook X-twitter Youtube Book a Meeting By Jesse Stanley | Principal, Energy Services Boston just extended the next BERDO reporting deadline, giving covered building owners more time to file emissions and energy data. The BERDO Review Board moved the 2026 BERDO reporting deadline from