At KBKG, we are passionate about helping business owners and accounting professionals across the Midwestern region. Our value-added tax services include Cost Segregation, Research & Development Credits, Green Building Tax Incentives (179D & 45L), Transfer Pricing, IC-DISC, and more.
Midwest-based KBKG professionals work with engineers and tax experts from our Headquarters to perform thousands of tax projects resulting in hundreds of millions of dollars in benefits for our clients.
Our employees are a group of passionate people who care about their communities. Our Midwest office is actively involved in numerous community outreach organizations such as “Windy City” Habitat for Humanity. Every year, our staff would help build homes in areas where affordable housing is scarce. This helps the community by improving the inactive areas of a neighborhood. Our Midwest team members are passionate about helping the local community.
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.Learn More
Evaluating a company's entire fixed asset schedule will identify assets that can depreciate over a shorter tax life. Taxpayers utilizing the book method of accounting for tax are not maximizing their available deductions.Learn More
The Employee Retention Tax Credit (ERTC) was created as part of the CARES Act to encourage businesses to continue paying employees by providing a credit to the eligible employer for wages paid to eligible employees.Learn More
We assist US and international companies in establishing, documenting, and defending transfer pricing practices for the IRS and international tax authorities.Learn More
Any building improvement over $750,000 should be reviewed for proper classification of the individual components for tax depreciation.
Newly constructed or renovated apartments, condos, and tract home developments that meet certain criteria are eligible for a $2,000 credit per unit.Learn more
Federal deduction worth $1.80 per square foot of energy efficient buildings. Available to architects, engineers, design/build contractors and building owners.Learn More
The Interest Charge Domestic International Sales Corporation (IC-DISC) offers significant Federal income tax savings for making or distributing US products for export.Learn More
Find a Representative experienced in the Midwest Region
KBKG Midwest professionals work with engineers and tax experts from our headquarters to perform thousands of tax projects that have resulted in hundreds of millions of dollars in benefits for our clients in the Midwest and across the country. Please see below for a partial list of clients located in the region.
Recent News from the Midwest
KBKG Tax Insight: Form 3115 May be Used for Changing to ADS Depreciation for Residential Rental Property
The IRS on June 17, 2021 issued Revenue Procedure 2021-28, which provides procedures for taxpayers to change to the alternative depreciation system (“ADS”) for certain residential rental property placed in service prior to January 1, 2018, held by an electing Real Property Trade or Business (RPTOB). KBKG Insight: A RPTOB that made the election under … Read More
Governor Kim Reynolds recently signed into law Senate File 619 relating to a multitude of state and local tax issues. Included within this law is the retroactive applicability of Federal Bonus Depreciation rules for qualified assets placed into service on or after January 1, 2021. Additionally, the State of Iowa will remain decoupled from the … Read More
Community is at the core of KBKG, and our Midwest office exemplifies this core value with their involvement in local organizations. Our Midwest team is involved with local industry-based and CPA organizations. Involvement With BOMA Leading the way, our Principal Lester Cook sits on Chicago’s Building Owners and Managers Association (BOMA) Taxation Committee. The Taxation … Read More