KBKG Tax Insight: Partial Dispositions & Deduction of Demolition CostsSubsequent to the acquisition of a property, taxpayers often incur capital expenditures related to property renovations and improvements. As this work occurs, the existing components are often removed or disposed of. IRC Section 1.168(i)-8(d)(2) allows taxpayers to realize a gain or loss by making an election to partially dispose the adjusted basis of the aforementioned assets. This election may be made by taxpayers having a depreciable interest in a building or its structural components. To make this election, the following key conditions must be met: Previously acquired assets must meet the definition of a depreciable asset (Publication 946) The gain or loss must be reported on a timely-filed original tax return, including extensions, for the tax year in which the portion of the asset … 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]")
COVID-19 Announcement
We understand this has been an extremely stressful time over the last ten days. The world has seemingly changed overnight with the global pandemic coupled with the meltdown of the financial markets. First and foremost, we need to consider the health and safety of our family & friends, team members, clients, and the community over … Read More
Regional Director Todd French Joins KBKG’s Midwest Office
KBKG is pleased to announce the addition of Business Development Regional Director Todd French to KBKG’s Midwest Regional office, who is relocating from the KBKG Texas office after serving the Dallas-Ft. Worth Community. Todd French began his finance career 15 years ago as a banker for a large regional bank where he was trained to … Read More
Winston Shurtz, CCSP – Newest Certified Member of the ASCSP
Winston Shurtz, Senior Engineer in KBKG’s Cost Segregation Consulting practice in the Southeast, recently passed the ASCSP Certified exam. The identification of Certified Cost Segregation Professional (CCSP) is the highest credential in the cost segregation industry. Winston is the 8th member within our firm with the CCSP designation. “We are extremely proud of Winston for … Read More
![[PRESS RELEASE] KBKG Tax Specialty Firm Hires Alex Martin to Lead New Transfer Pricing Practice for Cross-border Businesses](https://www.kbkg.com/wp-content/uploads/PRESS-RELEASE-KBKG-Tax-Specialty-Firm-Hires-Alex-Martin-to-Lead-New-Transfer-Pricing-Practice-for-Cross-border-Businesses-1.jpg "[PRESS RELEASE] KBKG Tax Specialty Firm Hires Alex Martin to Lead New Transfer Pricing Practice for Cross-border Businesses")
[PRESS RELEASE] KBKG Tax Specialty Firm Hires Alex Martin to Lead New Transfer Pricing Practice for Cross-border Businesses
Pasadena, California—October 7, 2019—Nationwide tax specialty firm KBKG announced the hiring of Alex Martin as Principal and leader of the firm’s new Transfer Pricing practice. Alex comes with over 22 years of full-time, international transfer pricing experience working in Washington, D.C.; Melbourne, Australia; and Detroit, Michigan where he resides currently. Transfer pricing is the cross-border … Read More
![[PRESS RELEASE] Jonathan Tucker Joins KBKG as Director of Research & Development Tax Credits](https://www.kbkg.com/wp-content/uploads/PRESS-RELEASE-Jonathan-Tucker-Joins-KBKG-as-Director-of-Research-Development-Tax-Credits-SITE.jpg "[PRESS RELEASE] Jonathan Tucker Joins KBKG as Director of Research & Development Tax Credits")
[PRESS RELEASE] Jonathan Tucker Joins KBKG as Director of Research & Development Tax Credits
We recently added Research & Development Tax Credits Director Jonathan Tucker to our Southeast office‘s team of experts. Jon brings over 15 years of experience providing federal business tax advisory services to clients in various industries including technology, manufacturing, transportation, healthcare, retail and consumer products, hospitality, media and entertainment, financial and other professional services industries. … Read More
![[INTERVIEW] Mark Bodenstab, Director of Research & Development Tax Credits](https://www.kbkg.com/wp-content/uploads/INTERVIEW-Mark-Bodenstab-Director-of-Research-Development-Tax-Credits-1.jpg "[INTERVIEW] Mark Bodenstab, Director of Research & Development Tax Credits")
[INTERVIEW] Mark Bodenstab, Director of Research & Development Tax Credits
We recently had the opportunity to interview our newest R&D Tax Credit team member, Mark Bodenstab. Mark joined KBKG after retiring from the IRS and will be a national Director providing services out of the Northeast office. In his role at KBKG, Mark will serve in a similar capacity to Jack Jolly who is a … Read More
![[PRESS RELEASE] Former IRS Executive, Mark Bodenstab, Joins KBKG as Director of Research & Development Tax Credits](https://www.kbkg.com/wp-content/uploads/Former-IRS-Executive-Mark-Bodenstab-Joins-KBKG-as-Director-of-Research-Development-Tax-Credits.jpg "[PRESS RELEASE] Former IRS Executive, Mark Bodenstab, Joins KBKG as Director of Research & Development Tax Credits")
[PRESS RELEASE] Former IRS Executive, Mark Bodenstab, Joins KBKG as Director of Research & Development Tax Credits
Pasadena, California – July 30,2019 – Nationwide tax specialty firm KBKG adds another former IRS manager to their team of experts. Mark Bodenstab joins as the firm’s Director of Research & Development Tax Credits with over 30 years combined at the IRS and in the private sector. Mark joined the IRS as a general engineer … Read More
John W. Hanning, CCSP, MBA, of KBKG Elected President of ASCSP
KBKG congratulates John W. Hanning, CCSP, MBA on his recent election as President (2019 – 2021) of the American Society of Cost Segregation Professionals (ASCSP) Board of Directors. “I’m honored to have been elected by my peers at the American Society of Cost Segregation Professionals (ASCSP). The commitment to ethics and professionalism that ASCSP upholds … Read More
