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Current Commercial Real Estate Depreciation Strategies for 2021(Cost Seg 201)

4.4 (118)

Isaac Downing

CAPSTAN TAX STRATEGIES

Wednesday, June 30, 2021 | 03:00 PM EDT

  • AFSP
  • CPA
  • EA
  • Tax Preparer
  • CPA/PFS
  • CTEC

1 Credit

FREE

Subject Area

Taxes

Webinar Qualifies For

1 CPE credit of Taxes for all CPAs

1 CE credit of Federal Tax Related Matters for Enrolled Agents ( IRS Approved : GEHNZ ) (Approval No. GEHNZ-T-00570-21-O)

1 CE credit of Federal Tax Subjects for California Tax Professionals (CTEC Approved - 6273) (Approval No. 6273-CE-0546)

1 CE credit of Annual Filing Season program (AFSP)( IRS Approved : GEHNZ )

1 CPD credit (Verifiable) for CPA/PFS

1 CE credit of Federal Tax for Oregon Tax Preparers (Approval No. GEHNZ-T-00570-21-O)

1 CE credit of Federal Tax for Maryland Tax Preparers (Approval No. GEHNZ-T-00570-21-O)

1 General Educational credit for Tax Professionals / Bookkeepers / Accountants

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Course Description

If your clients haven’t considered procuring a cost segregation study on their real estate properties, they may not have claimed the appropriate amount of depreciation. That means they may have missed out on tax deductions in the form of additional depreciation expenses earlier in the life of their properties. They may not know that the studies typically apply to and benefit commercial properties of all types and sizes.

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) corrected the recovery period of Qualified Improvement Property (QIP) to 15-year. This has tremendous implications and will play a large role in a modern comprehensive tax strategy. 

In this online continuing education course, we will examine the historical treatment of Qualified Property Categories and focus on the current status of QIP under the CARES Act.  In this online CPE/CE course we will also explore other strategies that may be part of a comprehensive tax strategy and will discuss a strategic hierarchy for employing those strategies most successfully.

In this online CPE/CE course relevant revised procedures and several real-life case studies will also be reviewed.

This Free online CPE/CE webinar covers the following key topics:

  • Introduction to Cost Segregation.
  • The evaluation of Qualified Property Categories and QIP.
  • CARES Act and relevant revenue procedures
  • QIP as an indicator of section 179-Eligible Property
  • Parts of a comprehensive plan.
  • Strategic Hierarchy of tax strategies.

Learning Objectives

  • To discuss the history of Qualified Property Categories. 
  • To explain the implications of the CARES Act’s correction of QIP recovery period.
  • To understand how to incorporate retroactive CARES Act changes into past returns.     
  • To understand the value of QIP as an indicator of Section 179-eligible property.
  • To explain how strategies like Section 179 Expensing, Bonus Depreciation, the Tangible Property Regulations (TPRs) and Energy Incentives all contribute to a comprehensive tax strategy.
  • To compare and contrast Bonus and Section 179.
  • To discuss ways for using various tax strategies in a strategic manner to maximize savings.

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Bookkeepers & Accountants & Tax Preparers
  • California Registered Tax Professional
  • Certified Public Accountant
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Enrolled Agent
  • Financial Planner
  • Maryland Tax Preparers
  • Oregon Tax Preparers
  • Personal Financial Specialist (PFS)
  • Tax Attorney
  • Tax Director (Industry)
  • Tax Firm
  • Tax Practitioners
  • Tax Professionals
  • Young CPA

Testimonial

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(
    [no_of_record] => 118
    [average] => 4.4153
)
 

4.4

(118)
55%
36%
5%
2%
2%

MB

excellent

DS

N/A

JS

Instructor was engaged in conversation with explaining the concepts of cost segregation. Seemed knowledgeable. I liked how he offered to send copies of the handouts and did not seem to be trying to "sell" us on using his firm. He informed us of the benefits to doing a cost segregation.

SB

Great presentation and good information to know and be aware of. Thank you!

JL

This was an excellent presentation on a seldom covered topic. The presenter was knowledgeable and engaging. The pdf handout that I saved will make for an excellent reference tool for future use.

MM

Very good.