KBKG Tax Insight: Energy Efficiency Tax Incentives Extended and Made Permanent

12/21/2020

After months of negotiations, Congress will pass a $900 billion COVID-relief package along with a$1.4 trillion spending package that funds the government for the 2021 fiscal year. President Donald Trump is expected to sign and enact this bill. In addition to providing a second round of COVID relief, the spending bill includes tax relief for … Read More

[WEBINAR] Tax Legislative Outlook for Real Estate

11/06/2019

Our technical team at KBKG has been working with those in DC who endeavor to bring more certainty to the real estate industry. Tax extenders and technical corrections to tax reform such as the “retail glitch,” still need to be addressed, but there has been movement. As Congress continues negotiations on appropriations, a stage has … Read More

KBKG Tax Insight: Congressional Letter Urges Year End Clean Energy Tax Policies

10/31/2019

Yesterday, a letter signed by over 70% of House Democrats was delivered to Speaker Nancy Pelosi and House Majority Leader Steny Hoyer urging them to prioritize the inclusion of clean energy tax policies in negotiations around must-pass legislation this year. As the House Ways and Means Committee takes action on a clean energy tax package, … Read More

Tax Insight: Senate and House Updates on Tax Extenders for 2018-2019

03/07/2019

Senate Update Last Thursday, February 28, 2019, Senate Finance Committee Chairman Chuck Grassley (R. Iowa) and Ranking Member Ron Wyden (D. Oregon) introduced bipartisan legislation to retroactively extend tax extenders for 2018 and 2019 while also providing disaster tax relief benefits to those affected by major disasters in 2018. “Congress needs to get out of … Read More

Tax Insight: Tax Extender Update from Senator Chuck Grassley

02/22/2019

On Thursday, February 14, 2019, Senate Finance Committee Chairman Chuck Grassley (R. Iowa) addressed tax policy and various provisions that KBKG and the Real Estate Roundtable have been monitoring closely. In his speech, Senator Grassley expressed his commitment to pursue tax extenders and rejection of press reports suggesting that some provisions may no longer be … Read More

Impact of the Government Shutdown on Real Estate Tax Policy

01/18/2019

The longest government shutdown in U.S. history is creating more uncertainty for the current and future tax landscape. As the border wall standoff delays guidance necessary to properly implement tax reform, taxpayers are left wondering how to timely file their 2018 tax returns without ultimately having to amend down the road. Congress currently hasn’t been … Read More

Chairman Boustany Suspects GSA of abusing the 179D Tax Deduction

05/10/2012

Facts: On May 3, 2012, Charles Boustany, Jr., Chairman of the House Committee on Ways and Means Subcommittee on Oversight, raised question as to whether the General Services Administration (GSA) is abusing the 179D Tax Deduction. Recent documentation insinuates that the GSA may be improperly requiring contractors to provide kickbacks in order to allocate 179D … Read More

GSA Asked for Tax Break ‘Kickback’

05/04/2012

Accounting Today published an article today entitled “GSA Asked for Tax Break ‘Kickback’”.”The General Services Administration is now coming under scrutiny for offering government contractors a tax deduction in exchange for giving the agency 19 percent of the money from the tax break. The agency is already under fire for the spending at a lavish … Read More