KBKG Tax Insight: How Tax Reform Bills Impact Real Estate

11/10/2017

The commercial real estate industry can expect significant changes in the event that tax reform is passed. Yesterday, the House Ways and Means Committee finished marking up and approved a tax reform bill introduced last week – the “Tax Cuts and Jobs Act” with the goal of voting on it before Thanksgiving. Simultaneously, the Senate … Read More

KBKG Tax Insight: New 2016 Qualified Improvement Property Criteria

11/02/2016

For the most up-to-date information on Qualified Improvement Property, see our latest post. The new Qualified Improvement Property category put into effect in 2016 by the PATH Act will have a broad impact on almost all real estate owners for the near future by increasing the likelihood real property capital expenditures are eligible for bonus … Read More

PATH Act Improves Realty Tax Breaks, But…

05/05/2016

“As a general rule, the cost of commercial real estate improvements is recovered over a painfully long period of 39 years via straight line depreciation only.However, for specially defined categories of realty improvements, taxpayers may be entitled to the hat-trick of tax breaks: expensing under Section 179 of part of the cost of the improvements; … Read More

Promising News on Tax Extender Legislation

12/09/2015

On December 7, 2015, House Ways and Means Chairman Kevin Brady (R-TX) unveiled proposed legislation to extend a number of tax provisions that expired at the end of calendar year 2014. The proposed legislation would prevent tax increases on millions of families and businesses as the 2015 tax year filing season begins early next year. … Read More

Tax Relief Act (H.R. 4853) Overview

01/10/2011

Summary of H.R. 4853 Benefits 100% Bonus Depreciation & Extension of 50% Bonus– Temporary 100% bonus depreciation deduction for qualifying property placed in service between 9/9/10 and 12/31/11. 50% Bonus Depreciation provisions have also been extended through the end of 2012 (2013 for certain property).   15-Year Life for Qualified Real Property – 2-year extension … Read More

New IRS Developments on Statistical Sampling for Cost Segregation & Repair and Maintenance

10/21/2010

If you own or operate multiple “chain” type properties such as restaurants, retail stores, hotels, supermarkets, or service centers, the most cost effective way to take advantage of many available tax incentives involves using statistical sampling.Some popular applications of statistical sampling occur with Cost Segregation, Repair & Maintenance Tax Studies, Research & Development Credits, and … Read More

Green Incentives: Rewarding the Environment—and Your Bottom Line

11/11/2009

The federal tax incentives for going green have grown steadily over the past five years, yet many businesses fail to pursue them, leaving many tax credits and deductions on the table. The Emergency Economic Stabilization Act of 2008 and the American Recovery and Reinvestment Tax Act of 2009 introduced and renewed numerous energy tax breaks … Read More

Depreciation Quick Reference

08/08/2009

There have been many changes to depreciation laws in the last year that have created some confusion regarding the qualification rules, recovery periods, and the applicability of bonus depreciation. For that reason, KBKG has created a reference table (below) to use as a guide when dealing with real property improvements.If you would like to more … Read More