Use the Residential Cost Segregator® for April 15 returns — Accelerate Deductions in Minutes

03/30/2017Cost Segregation, News

It is not too late to accelerate cost segregation deductions on smaller residential properties using the Residential Cost Segregator®. The software was designed for tax preparers and only takes 15 minutes! Just email the client an online questionnaire for details about their building, then let the software do the rest. For only $399, KBKG’s easy-to-use … Read More

WOTC expansion proposed by President Obama

08/05/2011News

President Obama is commited to help military veterans enter civilian jobs. His proposal to expand WOTC includes: “The Wounded Warrior Tax Credit will double the existing tax credit for long-term unemployed veterans with service-connected disabilities. Maintain the existing Work Opportunity Tax Credit for veterans with service-connected disabilities (currently the maximum is $4,800). A new credit … Read More

Congratulations, Marcus Weaver, SCSP; ASCSP Treasurer

07/05/2011News

KBKG congratulates Marcus Weaver, SCSP for being elected to serve as the Treasurer in the American Society of Cost Segregation Professionals (ASCSP) Board of Directors, Executive Committee for the 2011-2012 year. In addition Gian Pazzia, CCSP has also served on ASCSP’s Board of Directors since 2007, and is the current Chair of the Technical Standards … Read More

Expending Energy

06/14/2011News

Once identified, tax breaks and utility rebates offer apartment operators decent incentives to engage in energy-efficiency projects. Adelaide Grady can point to one of the best green investments multifamily money can buy: For $6.35 at any big box retailer, you can get a tube of acrylic latex caulk and a caulk gun that can immediately … Read More

Obama’s Plan to Win the Future….

05/27/2011News

The White House / Office of Media Affairs President Obama’s Plan to Win the Future by Making American Businesses More Energy Efficient through the “Better Buildings Initiative” In his State of the Union, President Obama laid out his vision for winning the future by investing in innovative clean energy technologies and doubling the share of … Read More

Tax Relief Act (H.R. 4853) Overview

01/10/2011Tax Insight

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

Capitalization vs. Repairs – Audit Techniques Guide

11/30/2010News

The IRS recently released its Audit Techniques Guide related to issue of Capitalization vs. Repairs. This issue has received a significant amount of attention by the IRS over the last couple of years as many taxpayers have filed for Changes in Accounting Method to take advantage of missed deductions. Because the amount of deductions can … Read More