Follow KBKG on Social Media Linkedin Facebook X-twitter Youtube By Jonathan Tucker | Principal, Research & Development Tax Credits The Senate Finance Committee has proposed a significant change to the way U.S. businesses deduct their research and development (R&D) expenses. If passed, the bill would reverse a major change that took effect in 2022 based on … Read More
Follow KBKG on Social Media Linkedin Facebook X-twitter Youtube By Jonathan Tucker | Principal, Research & Development Tax Credits Since the House passed the huge new tax and spending bill called the One Big Beautiful Bill Act (OBBBA) just before Memorial Day by one vote, and the Senate Finance Committee just released text of their version … Read More
Follow KBKG on Social Media Linkedin Facebook X-twitter Youtube By Tetyana Guguchkina, Elise Rhee, & Michael Maroney | Research & Development Tax Credits California is poised to overhaul its R&D Tax Credit with Senate Bill 711 (SB 711), which proposes replacing the state’s Alternative Incremental Research Credit (AIRC) with a new Alternative Simplified Credit (ASC) … Read More
Follow KBKG on Social Media Linkedin Facebook X-twitter Youtube When Cost Segregation studies are conducted, professional standards and technical accuracy are critically important, especially as studies are subject to IRS scrutiny. The best way to assess a provider’s qualifications is to confirm whether the person conducting your study is a Certified Cost Segregation Professional (CCSP) … Read More
Follow KBKG on Social Media Linkedin Facebook X-twitter Youtube Many CPAs likely come across clients who have historically mis- or over-capitalized expenditures, particularly in real estate, retail or manufacturing. Fortunately, tax preparers don’t need to amend years of returns to correct these issues. The IRS offers a fix for this with Form 3115 (Application for … Read More
Follow KBKG on Social Media Linkedin Facebook X-twitter Youtube By Amar Patel | Principal, Cost Segregation Cost Segregation remains one of the most powerful tax strategies for real estate investors, allowing them to accelerate depreciation and maximize deductions. On February 6, 2025, the IRS published the latest edition of the Cost Segregation Audit Techniques Guide (ATG), … Read More
Follow KBKG on Social Media Linkedin Facebook X-twitter Youtube By Jonathan Tucker | Principal, Research & Development Tax Credits Right before wrapping up its session on May 15, 2025, the Iowa Legislature passed several new bills. One big change is Senate File 657, which will replace the old Research & Development (R&D) Tax Credit with a … Read More
Follow KBKG on Social Media Linkedin Facebook X-twitter Youtube By Jonathan Tucker | Principal, Research & Development Tax Credits Just after midnight on Thursday, May 22, 2025, a full House debate on the multi-trillion-dollar tax bill began, and the House narrowly passed this sweeping tax and spending package dubbed the “One Big Beautiful Bill Act” with … Read More
Follow KBKG on Social Media Linkedin Facebook X-twitter Youtube By Amar Patel | Principal, Cost Segregation Real estate investors know that tax strategies can make all the difference in maximizing profits. One of the most powerful, yet underutilized, tools available is the short-term rental (STR) loophole. This allows real estate investors to utilize property-related rental losses … Read More
Follow KBKG on Social Media Linkedin Facebook X-twitter Youtube By Jonathan Tucker | Principal, Research & Development Tax Credits On May 18, 2025, the House Budget Committee narrowly approved a major tax and spending package dubbed the “One Big Beautiful Bill Act” with a 17-16 vote. Four Republicans voted “present,” highlighting growing tension within the party … Read More