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Course Details

Overview of Topics

  • Introduction to cost segregation
  • Tangible Property Regulations and Opportunities arising from Tangible Property Regulations
  • Cost Segregation and Bonus Depreciation: Contextual setting of Tax Cuts and Jobs Act (TCJA)
  • Case Studies – Solutions results prior to TCJA and post-TCJA
  • Qualified improvement Property – TCJA Controversy - QIP Driven by Placed-In-Service Date
  • Interest Deduction Limitation
  • Rev. Proc. 2018-31 Clarifies Interest Deduction Rules
  • Section 179 expensing and Like-Kind Exchanges Under the TCJA
  • Opportunity Zones (OZ)
  • Scenarios That Would NOT Qualify for OZ Tax Benefits
  • Finding Opportunities

Why You Should Attend ?

You can't control the tax codes but as advisors to clients or CFO/controllers to companies, a right understanding helps you build a strategic approach that maximizes tax-saving opportunities related to Tangible Property and other Fixed Assets regulations while you collaborate with the right partner.

Course Description

This course will present an overview of cost segregation and the depreciation of real estate assets. With a wealth of real-life examples, the presenter will highlight the utility of cost segregation studies throughout the real estate life cycle. In light of the recent passage of the Tax Cuts and Jobs Act (TCJA), the course will also briefly discuss the concepts of Bonus Depreciation and Qualified Improvement Property. An emphasis will be placed on understanding how cost segregation provides the data required to fully leverage a variety of tax strategies. A brief review of the Tangible Property Regulations will conclude the talk. This discussion is designed for tax, accounting, and other professionals serving the real estate markets, looking for a better understanding of cost segregation.

Learning objectives

  • Understand cost segregation and how it is used as a vehicle for tax savings
  • Become familiar with the types of qualifying assets in a cost segregation study
  • Review property types and client scenarios most likely to benefit from cost segregation
  • Be able to explain the concepts Bonus depreciation and Qualified Improvement Property under the Tax Cuts and Jobs Act
  • Use a TPR flow-chart to aid in making expense vs. capitalization decisions

About Presenter

Bruce Johnson, MBA, CEM

Partner,Capstan Tax Strategies

[email protected]

Bruce Johnson is the founding partner at Capstan Tax Strategies and works closely with commercial real estate owners, investors, and accounting firms to provide practical, creative, and client-specific solutions. His Practice emphasizes all aspects of engineering-based tax solutions for commercial real estate. He conducts regular seminars and workshops on numerous engineering-based tax strategies for national audiences, including AICPA, FEA, BOMA, and CCIM. Being an active speaker on various platforms, he continues to provide live webinars for free CPE credits on various platforms focusing on tax solutions for the real-estate sector.

Bruce is a senior member of the American Society of Cost Segregation Professionals (ASCSP). He is a member of the Association of Energy Engineers (AEE), and the International Council of Shopping Centers (ICSC), where he served as a faculty member at ICSC University, School of Finance, Accounting and Lease Administration. Bruce is also member of the National Association of Industrial and Office Parks (NAIOP), where he is a Board Member and head of the Governance Committee as well as a member of the national chapter Tax and Finance Subcommittee.

Bruce holds an MBA from the University of New Haven and a Bachelor of Science degree from the Massachusetts Maritime Academy.

Capstan is a professional services firm that provides engineering-driven tax strategies to commercial real estate owners and their CPAs.  Providing a wide range of services, including cost segregation studies, unit of property studies, and tangible property analysis, Capstan strives to optimize the tax efficiency of fixed assets and maximize accelerated depreciation.   Though headquartered in Jenkintown PA, Capstan has become the firm of choice for hundreds of clients from coast to coast.  Visit us at www.capstantax.com. 

Review Questions

  • Question 1 : 15:15
  • Question 2 : 25:20
  • Question 3 : 45:40
  1. What is the ultimate objective of cost segregation?
  2. Through the cost segregation process, which of the following property would fall in up to 5-year class life?
  3. According to the changes that have been brought under the Tax Cuts and Jobs Act, the bonus depreciation can be eligible for an assessed if ____?
  1. Which of the following are some of the benefits of Cost segregation?
  2. When is the best time to conduct a Cost-Segregation Study of the asset from the following scenario?
  3. Which of the following is not an example of soft cost?
  4. From which year the Bonus Depreciation rates under the Tax Cuts and Jobs Act would gradually decline?
  5. If an assessee Mr. John wants to access the incentives such as Qualified Leasehold Improvements that have been expired he can do it by which of the following study?

FAQ

  • myCPE self-study courses are online.
  • The self-study format allows you to access the material online 24/7 and study at your own pace.
  • As per NASBA guidelines, you have one year from date of registration to complete each program.
  • Complete your final exam at any time and get CPE Credit instantly. You can retake the exam multiple times without any additional charges.
  • Course have minimum passing score of 70% and test takers will not be provided feedback on failed exams.
  • Upon achieving a passing score, test takers will be notified of the correct answers to the questions missed.
  • These are Live recorded presentations converted into Self Study (On-Demand Videos).

Refund/Cancellation Policy

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

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.

EA 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

  • Cost FREE
  • CPE Credits 1
  • CE Credits 1
  • Course ID GEHNZ-U-00008-19-S
  • Subject Area Taxes
  • Course Level Basic
  • Instructional Method QAS Self Study
  • Prerequisites None
  • Advanced Preparation None
  • Recorded Date October 01 ,2019
  • Published Date October 01 ,2019
  • Who should attend? Enrolled Agent Finance Pros Tax Attorney Tax Practitioners CFO/Controller Tax Pros Auditors Tax Firm
  • Handout Material Download
  • Key Terms Download