CARES Act Changes and Benefits Affecting Real Estate Owners

Course Details

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Course Description

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 :

  • How business owners are able to make cash available by utilizing existing tax laws
  • Learning about different strategies using depreciation
  • Overview the new CARES Act for real estate owners. 
  • Using Cost Segregation & QIP strategies to reduce taxes or NOL.  
  • Filing details for 2018, 2019, 2020.  
  • Using Loss Carry back Forms to capture the refund of an NOL and possible Alternative Minimum Tax (AMT) liabilities. 

Webinar Qualifies for

  • 1 CPE credit of Taxes for all CPAs
  • 1 CE credit of Federal Tax for Maryland Tax Preparers
  • 1 CE credit of Federal Tax Law Update for California Tax Professionals (CTEC Approved-6273)
  • 1 CE credit of Ethics (Federal Tax) for Enrolled Agents ( IRS Approved : GEHNZ )
  • 1 CE credit of Federal Tax for Oregon Tax Preparers
  • 1 General Educational credit for Tax Professionals/Bookkeepers/Accountants

Learning objectives

  • To define 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.
  • To 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 2017, 2018, and 2019.
  • To identify what types of properties could benefit from a Cost Segregation Study
  • To show how a Cost Segregation Study or QIP qualifying project could contribute to an NOL and using the CARES Act Loss carry back changes to create a refund for your clients
  • To define filing details to capture these benefits for your clients
  • To recognize possible Alternative Minimum Tax (AMT) implications

About Presenter

Warren Dazzio

Executive Vice President, CSSI- Cost Segregation Services Inc.

dazziow@costsegserve.com

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. 

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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.
  • 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

4.6
(523)
64%
28%
7%
0%
0%
  • IM
    IVIONNE MCFARLAND , EA
    Oct 5th 2020
    Great experience all of the virtual aspects worked perfectly
HT
Hiep Tran , EA, EA
GREAT COURSE
WL
Wendy Lander , CPA
Perfect
SW
Sandra Weber , EA
Great instructor
CS
carolyn sechler , CPA
excellent program concise and good anecdotes which helped in comprehension
MT
MUKUND THAKKAR , CPA
excellent

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

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Monday, October 26, 2020 | 08:00 AM PDT View Details/Register
Advance IRS Learning: Multiyear Non-Filing, Criminal Investigation, Voluntary Disclosure, Whistleblower Claims etc.
Monday, October 26, 2020 | 11:00 AM EDT View Details/Register
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10 Secrets the Credit Card Processing Industry Doesn't Want You to Know
Monday, October 26, 2020 | 12:00 PM EDT View Details/Register
CARES Act and Bonus Depreciation Strategies Unlocks Cash Flow for Real Estate Owners
Monday, October 26, 2020 | 12:00 PM EDT View Details/Register
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  • Cost FREE
  • CPE Credits 1
  • CE Credits 1
  • IRS Course ID GEHNZ-U-00248-20-O
  • CTEC Course ID 6273-CE-0256
  • Subject Area Taxes
  • Course Level Basic
  • Instructional Method group internet based
  • Prerequisites None
  • Advanced Preparation None
  • Who should attend? Enrolled Agent Tax Attorney Tax Practitioners Bookkeeper Accountant CPA - Small Firm CPA - Mid Size Firm Accounting Firm Tax Pros CPA (Industry) Tax Firm Young CPA Entrepreneurial CPA Tax Accountant (Industry) Tax Director (Industry) Tax Managers Accounting Managers Tax Preparer
  • Handout Material Download

upcoming Live CPE Webinars

QBO Running reports - Information, Analysis & Better Decision
Monday, October 26, 2020 | 09:00 AM EDT View Details/Register
Understanding Fraud, The Basics
Monday, October 26, 2020 | 09:00 AM EDT View Details/Register
Payroll Fraud Information and Discussion
Monday, October 26, 2020 | 09:00 AM EDT View Details/Register
BASIS CALCULATIONS & DISTRIBUTIONS FOR PASS-THRU ENTITY OWNERS SCHEDULE K-1 ANALYSIS (LATEST)
Monday, October 26, 2020 | 10:00 AM EDT View Details/Register
Corporate External Financial Reporting Decisions
Monday, October 26, 2020 | 10:00 AM EDT View Details/Register
Passive Activity Loss Limitations: Working with the Complex PAL Rules & Real Estate Tax Issues.
Monday, October 26, 2020 | 08:00 AM PDT View Details/Register
Best Overview on Individual Tax Updates 2020 (Basic)
Monday, October 26, 2020 | 08:00 AM PDT View Details/Register
How to not be an HR Failure – from an employment law perspective
Monday, October 26, 2020 | 11:00 AM EDT View Details/Register
Mastering QBO For Accountants - Techniques,Tips & Tricks, Advance Learning
Monday, October 26, 2020 | 08:00 AM PDT View Details/Register
Advance IRS Learning: Multiyear Non-Filing, Criminal Investigation, Voluntary Disclosure, Whistleblower Claims etc.
Monday, October 26, 2020 | 11:00 AM EDT View Details/Register
How to Analyze Your Client’s Tax Situation Course Information
Monday, October 26, 2020 | 11:30 AM EDT View Details/Register
10 Secrets the Credit Card Processing Industry Doesn't Want You to Know
Monday, October 26, 2020 | 12:00 PM EDT View Details/Register
CARES Act and Bonus Depreciation Strategies Unlocks Cash Flow for Real Estate Owners
Monday, October 26, 2020 | 12:00 PM EDT View Details/Register
HOW TO STRATEGIZE YOUR FIRM’S GROWTH AND EXPAND MARGINS IN THE NEW WORLD
Monday, October 26, 2020 | 01:00 PM EDT View Details/Register
Learn about opportunity zone and recent IRS updates:QUALIFIED OPPORTUNITY ZONES
Monday, October 26, 2020 | 01:00 PM EDT View Details/Register