Featured Article

  • KBKG Tax Insight: Partial Dispositions & Deduction of Demolition Costs
    Subsequent 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

KBKG Tax Insights

Regional News & Events

  • KBKG is Exhibiting at the GOA 2020 Business Expo
    Todd French will be representing KBKG at the GOA Regional Business Association 2020 Business Expo on March 3rd, 2020. The 2020 Business Expo‘s them will be The Game of Business. This event is free and open to the public. Exhibitors will decorate their booth/business like board games. Join … Read More
  • KBKG is Sponsoring the FICPA International Tax Conference
    Our Principal, Alex Martin, will be representing KBKG at the FICPA International Tax Conference on January 16th. This conference will provide knowlege needed for your multinational organization or clients, regarding changes and developments happening in international finance every day. Post Update … Read More
  • KBKG is Exhibiting at the LEA Global World Conference
    Our Director, William Long and Regional Director Kyle Ernsberger will be representing KBKG at the LEA Global World Conference from January 13th through 15th. William Long is part of our New York team. Kyle Ernsberger is part of our Midwest team. At KBKG, we are passionate about helping business … Read More
  • KBKG is Exhibiting at the Monmouth/Ocean Chapter NJCPA Annual Tax Seminar
    Our New York-based Regional Director, Alexis McClellan, will be representing KBKG at the Monmouth/Ocean Chapter NJCPA Annual Tax Seminar, on January 10th. This seminar will bring together industry experts to explore the latest state and federal tax legislation. The conference will take place at … Read More

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