Ajith Kumar

Fixed Assets – (2022 – Present)

• Lead the firm’s fixed asset and capitalization workstream, managing end-to-end engagements from initial scoping through final client delivery.
• Conduct detailed reviews of fixed asset ledgers to identify opportunities for reclassification into Qualified Improvement Property (QIP), repair deductions under the Tangible Property Regulations (TPR), and shorter MACRS class lives.
• Coordinate with clients to obtain documentation, substantiate classifications, and validate eligibility through interviews and data evaluations.
• Direct project teams, ensuring methodological consistency, high-quality deliverables, and alignment with IRS capitalization guidance and best practices.

Accounting Method Changes – Form 3115 (2020 – Present)

• Manage and review a broad range of automatic and non-automatic accounting method changes, including depreciation, revenue recognition, inventories, UNICAP, and other areas.
• Prepare complete Form 3115 filings, including detailed Section 481(a) adjustment computations, and supporting explanations.
• Drive quality control, resolve complex technical issues, and provide guidance to team members on method change procedures.

UNICAP – Section 263A (2020–2022)

• Perform UNICAP calculations under the Modified Simplified Production Method, and the Simplified Reseller Method.
• Analyze cost pools, apply proper absorption methodologies, and prepare review-ready workpapers in compliance with Section 263A.

Section 266 – Interest Capitalization and Recharacterization (2024 – Present)

• Prepare comprehensive Section 266 interest capitalization workpapers across multiple methods.
• Incorporate 163(j) limitation considerations, and support integration with BEAT and related computations.
• Ensure accurate recharacterization of otherwise non-deductible interest, and maintain complete documentation for client deliverables.

Meals and Entertainment – Section 274 Compliance (2020 – Present)

• Review and validate M&E classifications to ensure compliance with Section 274.
• Identify and correct misclassified transactions, prepare documentation, and finalize workpapers for client submission.

Research and Development (R&D) – Section 41 Credit (2018 – 2021)

• Prepared R&D credit deliverables, including IU and non-IU research credit drafts, incorporating both quantitative and qualitative analyses.
• Conducted and participated in technical interviews with engineering and operations teams to gather supportable details for qualified research activities.
• Drafted clear qualitative narratives describing business components, project uncertainties, and the application of the four-part test.
• Collaborated with cross-functional teams to validate qualified research expenses, and ensure accurate, defensible credit claims.

Prepared state tax returns for corporations and partnerships. Coordinated with reviewers to finalize deliverables.