KBKG TPR Package
The experts at KBKG have been following the development of the Tangible Property Regulations (“TPR”) since 2006. Our team continues to provide thought leadership on these complicated and lengthy regulations through national tax publications and educational societies.
We have created an online, subscription based, self-service package of templates, checklists, and guidelines that CPAs can utilize to implement the Tangible Property Regulations. It was designed with the individual CPA in mind to make this process as practical and simple as possible, while minimizing unnecessary work.
The KBKG TPR Package provides a detailed toolset that allows you to service your clients at the highest level. It includes a detailed overview of key changes, including important accounting method changes and detailed information surrounding elections.
The KBKG TPR Package includes:
KBKG TPR Package Subscription
$499 Annually, including:
The PPI Component Disposition Calculator is a CPA friendly online calculator that provides a PPI adjusted value considering the condition of the respective building component at the time it was acquired. » Details
Meet the Experts
KBKG experts have years of experience and are published authors and national speakers on tax issues.
Gian Pazzia, CCSP
Lester Cook, ASA
John Hanning, SCSP, MBA
Repair Regs Resources
Updates to the Tangible Property
The IRS recently issued Revenue Procedure 2015-56 providing a safe harbor for certain taxpayers operating retail or restaurant establishments for determining whether expenditures incurred to “remodel” or “refresh” their property can be expensed under the Tangible Property Regulations released in 2013. Generally, the safe harbor benefits those enhancing the physical appearance and layout of their building to maintain a contemporary …
The IRS has recently written on their website that eligible taxpayers may elect out of Rev. Proc. 2015-20 by filing a statement with their 2014 tax returns indicating their qualifying trade or business is not applying the simplified procedure of Rev. Proc. 2015-20. Qualified small business taxpayers who accept the relief of Rev. Proc. …
Earlier this year, the IRS relieved small business taxpayers from having to file mandatory Form 3115’s to comply with the newly issued Tangible Property Regulations (TPRs). Accepting this relief under Rev. Proc. 2015-20 is done merely by filing of a federal tax return, leaving many CPAs unaware of the negative consequences of doing nothing. More importantly, many CPAs do not …