Who Form 4797 Tangible 2024-2025

Good morning and afternoon everyone, welcome to our webinar. We will be discussing the final tangible property repair regulations and fixed asset review opportunities for 2016 and beyond. Allow me to provide some information about our company, KB kg. We were established in 1999 and have offices located across the US, including Illinois, Pennsylvania, Arizona, Ohio, New York, Texas, and Pasadena, California. Our main focus is providing turnkey tech solutions to CPAs and businesses. Our team consists of tax specialists, attorneys, and engineers from various disciplines, allowing us to provide the best services and maximize results for our clients. KB kg is a preferred provider for thousands of CPAs nationwide. Without further ado, I will now introduce our presenter, John, who will tell you a little bit about himself. Thank you, Allison. It's great to be here today. I am the director of the fixed assets and cost segregation practice at KB kg. I am also a member of the accounting methods and credit services group, specializing in completing change forms 31:15 related to fixed assets repairs and cost segregation studies. I have degrees from Ohio schools, including Wesley and the University where I earned my MBA. Additionally, I hold a LEED Green Associate credential and I am a certified member of ASC SP (American Society of cost segregation professionals). Now, let's discuss the old tangible property regulations, not the new ones released in 2013. I'd like to touch upon some recent developments, including those in the PATH Act (Protecting Americans against Tax Hikes) of 2015. This act retroactively reinstated some tax extenders, most notably the 50% bonus depreciation, which phases down to 40% in 2018 and finally 30% in 2019. This change allows for better planning at the beginning of the year, rather than waiting until year-end to see if the...