KBKG Tax Insight: Identifying Expenditures for the New IRC 174 Capitalization RequirementsBy Jonathan Tucker | Principal, Research & Development Tax Credits With the enactment of the Tax Cuts and Jobs Act (TCJA) of 2017, significant changes were made to the Internal Revenue Code (IRC), notably to IRC 174. Starting in the tax year 2022, businesses can no longer fully expense their research and experimental (R&E) costs in the year the expenses are incurred. Instead, these expenses must be capitalized and amortized over a five-year period (15 years if the research is conducted outside the United States). In addition, all software development costs are specifically required to be treated as Section 174 R&E expenses. KBKG Insight: These changes have a substantial impact on how all businesses account for R&E expenditures. While an unpopular provision of the tax code, … Read More
![There’s Still Time to Claim the R&D Tax Credit on Extension [Infographic]](https://www.kbkg.com/wp-content/uploads/Theres-Still-Time-to-Claim-the-RD-Tax-Credit-on-Extension.jpg "There’s Still Time to Claim the R&D Tax Credit on Extension [Infographic]")
KBKG Tax Insight – Does Coke Owe the IRS $10+ Billion for Transfer Pricing?
What Happens if Coke Continues to Lose in Tax Court? Coca-cola recently lost an appeal of a transfer pricing court case, which concluded that Coke owes an additional $3.1 billion in tax for 2007 through 2009.¹ In addition to denying the Motion for Reconsideration on procedural grounds, Tax Court Judge Albert Lauber decided to elaborate … Read More
KBKG Experts Appointed to the Board of the American Society of Cost Segregation Professionals
Eddie Price, CCSP, was elected President of the American Society of Cost Segregation Professionals (ASCSP) for a two-year term, effective August 1, 2023. Cost Segregation is a commonly used strategic tax planning tool that allows companies and individuals who have constructed, purchased, expanded, or remodeled real estate to increase cash flow by accelerating depreciation deductions and deferring … Read More
Putting Dollars Back in Classrooms
School districts have traditionally resorted to private contributions from the community to raise funds for necessary projects that provide an interactive, quality education for students. While this method is proven to be effective, many leaders of K-12 school districts need to be made aware of how specific tax incentives set forth by the federal government … Read More
KBKG’s Five Phases of Architecture for Claiming 179D
In 2008, the 179D Energy Efficient Commercial Building Program was modified as a powerful stimulus to the Architecture and Design Community. Since then, Architects and other designers have been inspired to reduce their carbon footprint by designing more energy-efficient commercial buildings. As a result of this initiative, the program permanently became part of the U.S. … Read More
![[PRESS RELEASE] KBKG Named One of the World’s Leading Transfer Pricing Practices by International Tax Review](https://www.kbkg.com/wp-content/uploads/KBKG-Transfer-Pricing_2023.jpg "[PRESS RELEASE] KBKG Named One of the World’s Leading Transfer Pricing Practices by International Tax Review")
[PRESS RELEASE] KBKG Named One of the World’s Leading Transfer Pricing Practices by International Tax Review
Chicago – September 19, 2022 – For the second year in a row, KBKG, a nationally recognized tax specialty firm, was named one of the world’s leading transfer pricing firms by the International Tax Review for 2022-23. The International Tax Review, which surveys and analyzes more than 13,000 clients and 2,700 practitioners, identifies the most … Read More
![[PRESS RELEASE] KBKG Expands Atlanta Footprint with Office in Buckhead](https://www.kbkg.com/wp-content/uploads/KBKG-Tax-Insight-Nebraska-Legislators-Consider-Research-or-Experimental-Expenditures-Fully-Deductible-3-2.jpg "[PRESS RELEASE] KBKG Expands Atlanta Footprint with Office in Buckhead")
[PRESS RELEASE] KBKG Expands Atlanta Footprint with Office in Buckhead
After five years in the north Atlanta metro region, the firm has moved operations inside the city’s perimeter to better serve surrounding businesses. Nationwide tax specialty firm KBKG has recently moved its existing Atlanta metro operations from the original Alpharetta location to the heart of Atlanta’s Buckhead business district. The firm’s southeast team has upgraded … Read More
KBKG Promotes Sumit Sharma to Principal Overseeing Cost Segregation in the Northeast
PASADENA, CA, – Nationwide tax specialty firm KBKG promoted Sumit Sharma, CCSP, to principal effective January 1, 2022. Sumit leads the firm’s cost segregation practice in the northeast out of their Manhattan-based office. As a Principal, Sumit specializes in Cost Segregation and Fixed Assets. Sumit has over 17 years of experience conducting fixed asset depreciation … Read More
Gian Pazzia Appointed New CEO of KBKG a Tax Credits, Incentives, and Cost Recovery Firm
After over 20 years in the industry, Gian will oversee the firm’s cost segregation, research and development tax credits, green building tax incentives, and transfer pricing practices as Chief Executive Officer. PASADENA, Calif., February 7, 2022 – Nationwide tax specialty firm KBKG, announced a new Chief Executive Officer effective January 1, 2022. Gian Pazzia, CCSP … Read More
