Audit Defense
Contact us today for an assessment.
Contact us today for an assessment if you are
under audit regardless of your situation.
The Differences Between LB&I and SB/SE Research Credit Adjustments
Let’s assume a scenario where you filed for the credit for increasing research (“R&D credit”) and the Internal Revenue Service (“IRS”) selected your return for examination/audit. At the conclusion of the audit, the IRS has two basic options: a “no change” or a “disallowance.” As much as everyone would like to receive a “no change,” … Read More
Introducing KBKG’s New Video Series: R&D Tax Credit Audit Defense with Jack Jolly and Mark Bodenstab
Many companies are hesitant to take advantage of the Research & Development (R&D) Tax Credit for fear of a possible IRS audit. In our first 2 minute video, former IRS engineering officials discuss how many companies can avoid IRS scrutiny by properly describing their research activities. KBKG’s IRS Audit Defense videos give a better understanding … Read More
KBKG Tax Insight: Which IRS Division is Conducting Your R&D Credit Exam? The Answer is Crucial
As featured in Accounting Today The Internal Revenue Service (IRS) collected nearly $3.4 trillion through more than 160 million individual and business tax returns during Fiscal Year 2018. For all this revenue, approximately 991,000 returns were examined, representing less than one percent of all tax returns filed. The number of examinations conducted to uphold enforcement … Read More
KBKG Tax Insight: R&D Studies Can Make Audits Easier and the Credits More Sustainable
As featured in Accounting Today Internal Revenue Service examinations of the research tax credit can burden both the client and the IRS. Throughout most of its decades-long history, research credit audits have exposed areas of misunderstanding and, in many circumstances, led to major disagreements. There is little “bright line” guidance, and each examiner must consider … Read More
KBKG Tax Insight: Words Matter When Describing R&D Credit Activities
As featured in Accounting Today We’ve all experienced a situation where our intent and the meaning of something we’ve said or written was misinterpreted by the recipient. There are numerous articles available for many situations to help us avoid this problem, such as the how to ask the boss for a raise or the best … 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
After 20+ Years at the IRS Reviewing Corporate Tax Incentives, Jack Jolly Joins KBKG as R&D Director
After 20+ years at the IRS reviewing corporate tax incentives, Jack Jolly still finds joy in his work; showing a great appreciation for those who innovate, dream, and build new software, technology, pharmaceuticals, manufacturing facilities and more. Surprisingly, Jolly’s passion for this industry started well before he worked for the IRS. Recently, we had the … Read More
