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During this uncertain time, most business owners are faced with difficult decisions regarding cash flow. There are also a number of potential benefits for the real estate industry in the CARES Act, including direct cash payments and tax advantages for real estate investors, landlords, and tenants. The new CARES Act Legislation allows your clients to use certain strategies to increase cash flow because they own commercial property or have paid for tenant improvements.
The CARES Act includes changes to the treatment of net operating losses (NOLs). NOLS can now be used to obtain a refund through the 5 year loss carry back option in the CARES ACT. There are also changes in the Section 461 loss limitations on how clients can use real estate losses to offset other income. For owners or tenants that pay for interior improvements, technical corrections that affect bonus depreciation and Qualified Improvement Property (QIP) were corrected.
In this webinar we will discuss :
Warren Dazzio is executive Vice President of CSSI. He has extensive knowledge of tax law and consults with CPAs, Accounting Professionals, and building owners to reduce their taxable income. He travels the US providing educational conferences and webinars on tax law and solutions for accounting professionals, building owners, wealth managers and real estate professionals. Warren has spoken for state and national CPA Associations and industry associations. He graduated from Franciscan University in Steubenville, OH and has an MBA from Louisiana State University.
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.
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).
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.
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
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.