Course Details

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ADDITIONAL DATES

Dec 09, 2020 | 02:00 PM EST Register

Course Description

For many commercial building owners, these are the most uncertain times many will ever experience.

Clients are depending on their Tax Pros to have the knowledge and tools to create 2020 cash flow by maximizing the accelerated depreciation deductions provided in the CARES Act, Bonus Depreciation from TCJA, made possible thru Cost Segregation studies.

Life is full of moments of Abundance. This webinar will be your chance to discover strategies to unlock an unprecedented abundance of accelerated depreciation tax deductions for your commercial building owning clients.

  • The CARES Act removal of deduction limitations through the suspension of NOL rules, QIP fix, combined with an expansion of Section 179, create an unprecedented abundance of deductions used by Tax Pros to create unprecedented cash flow for clients. If you have the knowledge and tools.
  • Tax Pros can use Cost Segregation depreciation studies and techniques to identify 5, 7, and 15 year property eligible for 1st Year Bonus Depreciation, or identify 1st Year Qualified Improvement Property (QIP), to reduce current year taxes and possibly create Net Operating Losses (NOL) that can be applied against past year tax payments.
  • In tax year 2019, large and small real estate portfolio owners took advantage of this unprecedented opportunity to create badly needed cash flow. This will be a much needed and often used strategy for 2020 filings.

In this webinar, the expert will discuss:

  • How Tax Pros can generate cash flow for commercial building owners by using accelerated depreciation to create Net Operating Losses (NOL) to apply against past tax payments which reduces current tax payments and may create a tax refund.
  • Clients with large and small real estate portfolios are creating paper tax deductions that offset tax liabilities.
  • How to use the CARES Act Net Operating Loss (NOL) suspension creates refunds for past year’s tax payments.
  • Qualified Improvement Property (QIP) fix now allows nearly 100% write off of internal remodels & leasehold property projects.
  • Tenant Improvements and Energy Retrofits like LED upgrades are 1st year write offs.
  • Bonus Depreciation from TCJA allows 1st Year write offs.
  • Cost Segregation identifies property eligible for Bonus Depreciation and makes Expense vs. Capital decisions easier.

Learning objectives

  • How to identify and apply the CARES Act Changes to Net Operating Loss (NOL) Carrybacks, changes to the definition of Qualified Improvement Property (QIP), and changes to the Section 461 loss limitations.
  • o explain what Qualified Improvement Property is, how it qualifies for 100% Bonus Deprecation, and how to capture the benefits to projects put in service in 2018, 2019, and 2020.
  • To identify which clients and what types of properties could benefit from a Cost Segregation Study
  • To define filing details to capture these benefits for clients

About Presenter

David Deshotels

Executive Vice President, CSSI- Cost Segregation Services Inc.

daviddeshotels@gmail.com

David Deshotels’ gift is to take the complex depreciation tax laws and make it understandable and useable in a presentation process that is effective and entertaining. 

As a graduate mechanical engineer from LSU with over 14 years of  experience in cost segregation and extensive knowledge of depreciation strategies, David has been invited to speak at state and local events from coast-to-coast and border-to-border providing tax saving strategies for accounting professionals, building owners, wealth managers, and real estate professionals. 

In the “New Normal” CARES Act and COVID economy, David’s web-based courses are more valuable than ever. “Friends don’t let friends over pay their taxes…especially during a pandemic”.

Join us for a strategic discussion to bring badly needed cash flow to your real estate clients.

Cost Segregation Services Inc, is an engineering-based consulting firm that specializes in the tax law surrounding commercial buildings and tax method codes for real estate.  CSSI’s expertise includes the areas of the 2017 Tax Cuts and Jobs Act, the 2014 Tangible Property Regulations, The CARES Act and Cost Segregation. We provide continuing education on these topics and support CPAs throughout the US.  CSSI has performed more than 20,000 studies in all 50 states. We partner with you as your back office to provide our specialized services to your clients.  In addition to lowering your client’s taxable income our process will help your clients become more compliant with the tax code. We provide all results needed to apply this to your accounting application, including the 3115 forms, corresponding method code changes and audit representation. 

CSSI’s new Energy Services division, specializes in LED Lighting Projects.  Let us show you how we can help your clients implement LED Lighting energy-efficient upgrades at Net Zero Cost, using energy savings, local utility rebates and tax benefits. 


FAQ

  • To receive CPE credit for the event, you must register for the webcast prior to the start of each program.
  • CPE is available to all eligible participants within 24 hours of each webinar.
  • You must attend complete webinar and respond to all polling questions asked during the webinar. CPE is issued on 50 minute credit hour basis.
  • Polling feature Not supported: If you are logging in through browser or web portal in the browser (zoom.us) it doesn’t support the polling feature. Please be advised the current polling feature can only be supported via Zoom desktop and mobile app. You can check the same here :https://support.zoom.us/hc/en-us/articles/203749865-Polling-for-webinars
  • If you still face the polling problem please don’t panic and provide your response in the chat and we shall consider the same for processing for credits. You can download Zoom by clicking on the mentioned link : https://zoom.us/download
  • This event may be a recorded rebroadcast of a live event done in past and the instructor will be available to answer your questions during/after the webinar.
  • If you are Canadian Chartered Professional Accountant (CPA) many of our courses qualifies for your verifiable CPD requirements you will get your certificate for the program. You can check a tab of “Webinar Qualifies for” for the same.However please do verify with respective regulatory body about the eligibility for the same.
  • Many of our courses are approved by “CFP Board” for CE credits of certified financial Planner(CFP). Please check a tab of “Webinar Qualifies for” to verify whether webinar qualifies for CE credits for CFP or not.

Refund/Cancellation Policy

For more information regarding refund, complaint and program cancellation policies, please contact our offices at 646-688-5128

In case any of the course or live webinars gets cancelled we would be refunding you the entire amount (if paid).

Reviews

4.5
(161)
60%
31%
7%
1%
1%
  • JG
    James Guest
    Oct 26th 2020
    n/a
MA
Marco Alfaro
.
MC
Mary-Ann Cassea , CPA
I think this particular subject matter could have used more than 1 hr especially for those who have never been involved in a cost seg client
CD
Christie Davis , RTRP
I really appreciate the education I receive from MyCPE
JW
Jackie Wilson
Valuable
LP
Lesley Parker , CPA
Good Experience

NASBA Approved

MY-CPE LLC, 1600 Highway 6 South, Suite 250, Sugar Land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

IRS Approved

MY-CPE LLC, 1600 Highway 6 South, Suite 250, Sugar Land, TX, 77478

MY-CPE LLC (Sponsor Id#: GEHNZ) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary

CTEC Approved

MY-CPE LLC, 1600 Highway 6 South, Suite 250, Sugar Land, TX, 77478

MY-CPE LLC (Sponsor ID# : 6273) has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, toll-free by phone at (877) 850-2832, or on the Internet at www.ctec.org.

upcoming Live CPE Webinars

BEST TAX RETURN WORKSHOP - PARTNERSHIPS & LLCS (FORM 1065) - 2020 Updates
Tuesday, November 24, 2020 | 10:00 AM EST View Details/Register
Annual Federal Tax Update - Individuals (Form 1040)
Tuesday, November 24, 2020 | 10:00 AM EST View Details/Register
The Mathematics of Estate Planning for IRAs After the Secure Act
Tuesday, November 24, 2020 | 10:00 AM EST View Details/Register
QBO Complete Comprehensive Overview - Latest 2020
Tuesday, November 24, 2020 | 10:00 AM EST View Details/Register
QBO: Build Right Chart of Accounts - Base for Accounting and Reading Financial Statement
Tuesday, November 24, 2020 | 11:00 AM EST View Details/Register
Qualified Business Income (QBI) Deduction (IRC §199A) Detailed Study, Analysis,Calculations,Case Studies, Ins & Outs (Latest)
Tuesday, November 24, 2020 | 08:00 AM PST View Details/Register
Planning for Your Clients’ Incapacity
Tuesday, November 24, 2020 | 11:00 AM EST View Details/Register
Fraud Update - Latest 2020
Tuesday, November 24, 2020 | 08:00 AM PST View Details/Register
Estate Planning Fundamentals for IRAs 2020
Tuesday, November 24, 2020 | 08:00 AM PST View Details/Register
LET YOUR ACCOUNTING OR TAX PRACTICE GROW ON ITS OWN
Tuesday, November 24, 2020 | 12:00 PM EST View Details/Register
INTRO TO ACCOUNTINGSUITE™ & MULTI-CHANNEL INVENTORY
Tuesday, November 24, 2020 | 12:00 PM EST View Details/Register
Get Massive Results from your Staff: The Tools and Process you need to lead your team to flourish in productivity and profitability
Tuesday, November 24, 2020 | 12:00 PM EST View Details/Register
Transfer Pricing and Tax Reform Opportunities
Tuesday, November 24, 2020 | 12:30 PM EST View Details/Register
PPP UPDATES WITH LATEST GUIDANCE FROM SBA, IRS & FORM 3508, FORM 3508-EZ, 3508-S
Tuesday, November 24, 2020 | 12:30 PM EST View Details/Register
CIRCULAR 230 ETHICS (UPDATED 2020)
Tuesday, November 24, 2020 | 01:30 PM EST View Details/Register
  • Cost FREE
  • CPE Credits 1
  • CE Credits 1
  • IRS Course ID GEHNZ-U-00313-20-O
  • CTEC Course ID 6273-CE-0318
  • Subject Area Taxes
  • Course Level Basic
  • Instructional Method group internet based
  • Prerequisites None
  • Advanced Preparation None
  • Who should attend? Tax Attorney Accountant CPA - Small Firm CPA - Mid Size Firm Accounting Firm Tax Pros CPA (Industry) Tax Firm Young CPA Tax Accountant (Industry) Tax Director (Industry) Senior Accountant Accounting Managers Tax Preparer Staff of Accounting Firm
  • Handout Material Download

upcoming Live CPE Webinars

BEST TAX RETURN WORKSHOP - PARTNERSHIPS & LLCS (FORM 1065) - 2020 Updates
Tuesday, November 24, 2020 | 10:00 AM EST View Details/Register
Annual Federal Tax Update - Individuals (Form 1040)
Tuesday, November 24, 2020 | 10:00 AM EST View Details/Register
The Mathematics of Estate Planning for IRAs After the Secure Act
Tuesday, November 24, 2020 | 10:00 AM EST View Details/Register
QBO Complete Comprehensive Overview - Latest 2020
Tuesday, November 24, 2020 | 10:00 AM EST View Details/Register
QBO: Build Right Chart of Accounts - Base for Accounting and Reading Financial Statement
Tuesday, November 24, 2020 | 11:00 AM EST View Details/Register
Qualified Business Income (QBI) Deduction (IRC §199A) Detailed Study, Analysis,Calculations,Case Studies, Ins & Outs (Latest)
Tuesday, November 24, 2020 | 08:00 AM PST View Details/Register
Planning for Your Clients’ Incapacity
Tuesday, November 24, 2020 | 11:00 AM EST View Details/Register
Fraud Update - Latest 2020
Tuesday, November 24, 2020 | 08:00 AM PST View Details/Register
Estate Planning Fundamentals for IRAs 2020
Tuesday, November 24, 2020 | 08:00 AM PST View Details/Register
LET YOUR ACCOUNTING OR TAX PRACTICE GROW ON ITS OWN
Tuesday, November 24, 2020 | 12:00 PM EST View Details/Register
INTRO TO ACCOUNTINGSUITE™ & MULTI-CHANNEL INVENTORY
Tuesday, November 24, 2020 | 12:00 PM EST View Details/Register
Get Massive Results from your Staff: The Tools and Process you need to lead your team to flourish in productivity and profitability
Tuesday, November 24, 2020 | 12:00 PM EST View Details/Register
Transfer Pricing and Tax Reform Opportunities
Tuesday, November 24, 2020 | 12:30 PM EST View Details/Register
PPP UPDATES WITH LATEST GUIDANCE FROM SBA, IRS & FORM 3508, FORM 3508-EZ, 3508-S
Tuesday, November 24, 2020 | 12:30 PM EST View Details/Register
CIRCULAR 230 ETHICS (UPDATED 2020)
Tuesday, November 24, 2020 | 01:30 PM EST View Details/Register