STRATEGIC ALTERNATIVES TO QIP
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Course Details

Overview of Topics

  • History of Qualified Property Categories5 mins
  • QIP: Where Do We Stand Today?12 mins
  • The Interplay of Bonus Depreciation, Section 179 Expensing, and TPRs16 mins
  • Section 179 Expensing18 mins
  • Bonus Depreciation for Acquisitions and Construction31 mins
  • The Tangible Property Regulations50 mins
  • Strategic Hierarchy55 mins

Why You Should Attend ?

This course will provide CPAs and CFOs a number of tax strategies to utilize in place of or in conjuction with QIP. If you work with real estate clients or work with commercial real estate this webinar will assist with your 2019 tax planning.

Course Description

Qualified Improvement Property (QIP) has undergone a number of changes over the years. In this session, we will examine the historical treatment of Qualified Property Categories and focus on the current status of QIP under tax reform. We will discuss the “QIP controversy” and the associated challenges that taxpayers face as a result. We will also consider several other strategies that might be used in place of QIP, and explore a strategic hierarchy for employing those strategies most successfully. An overview of the 9/13/19 updates to the TCJA written binding contract (WBC) and bonus rules will also be reviewed.

Learning objectives

  • Understand the history of Qualified Property Categories.
  • Explain the implications of the current status of QIP under the Tax Cuts and Jobs Act (TCJA).
  • Become familiar with legislative efforts in place to encourage correction of QIP status.
  • Understand the value of QIP as an indicator of Section 179-eligible property.
  • Explain how strategies like Section 179 Expensing, Bonus depreciation, and the Tangible Property Regulations (TPRs) may be used even without Bonus-eligible QIP.

About Presenter

Carly Ferris, Tax Strategist

Director,Capstan Tax Strategies

cferris@capstantax.com

With over 10 years’ experience in sales and account management, Carly enjoys working closely with clients and prospects to help them understand the value of cost segregation studies. Carly covers the NY, NJ, and CT region for Capstan. She is dedicated to building strong relationships with her clients and considers her clients to be partners with Capstan. With a background in financial services and research, Carly is experienced with meeting tight deadlines and exceeding client expectations. Carly provides customized in-house CPE for your team, and is a regular presenter of Capstan webinars. 


Carly lives in Greenwich, CT with her husband, young daughter and dog. She enjoys spending time with her family and friends and traveling to new places around the world.

Carly holds an MBA from Boston College’s Carroll School of Business and a Bachelor of Arts from Villanova University.

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 : 00:17
  • Question 2 : 00:36
  • Question 3 : 00:55
  1. What are the good amendments TJCA brought to QIP?
  2. With section 179 expensing under the TJCA, what value it does bring it to the table?
  3. The acquisition date of property that the taxpayer acquired pursuant to a written binding contract is the later of?
  1. What are the various exclusions to the improvement of interior portion of building as per Qualified Improvement Property?
  2. What number in percentage terms, the TCJA increases Bonus for properties placed-in-service between 9/28/2017 – 12/31/2022?
  3. What is the full form of FPF?
  4. Effective 1/1/2018, the TCJA expanded the eligible assets to include the following improvements to nonresidential building systems placed-in-service. These eligible assets include:
  5. What is the new recovery period of the “new” QIP as per TJCA amendments?

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
  • Please email to   help@my-cpe.com  in case of any self study program queries.

Reviews

4.6
(69)
64%
32%
3%
1%
0%
  • MGG
    Maria Galvan Govea , AFSP
    Mar 13th 2020
    Great!
MY
masahiko yoshida , CPA
perfect
SX
Siqing Xing , CMA, CPA, CPA
good
CS
Cynthia Stubbs , EA
Very informative
CD
Cedrick Draper , Bookkeeper
Platform proficient unto the selection and live view.

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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

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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.

On-Demand Webinars

2021 Annual Federal Tax Refresher Course
Wednesday, July 08, 2020 View Details/Register
Segment Reporting – A Detailed Review
Thursday, August 06, 2020 View Details/Register
Goodwill Impairment Testing
Thursday, August 06, 2020 View Details/Register
Segment Reporting Basics
Thursday, August 06, 2020 View Details/Register
Goodwill Impairment Basics (1 Hour)
Thursday, August 06, 2020 View Details/Register
Revenue – Five Steps to Recognition
Wednesday, July 29, 2020 View Details/Register
GUIDE TO DEPRECIATION UNDER THE TCJA
Wednesday, July 29, 2020 View Details/Register
PAYROLL FRAUD INFORMATION AND DISCUSSION
Wednesday, July 29, 2020 View Details/Register
Forecasting in a Time of Uncertainty (COVID-19)
Tuesday, July 28, 2020 View Details/Register
TAX IMPLICATIONS AND PLANNING DUE TO COVID-19
Tuesday, July 28, 2020 View Details/Register
UBIT Under The TCJA
Tuesday, July 28, 2020 View Details/Register
Tax Planning Under Tax Cuts & Job Act : 10 Tips to Reduce Taxes for your Clients
Tuesday, July 28, 2020 View Details/Register
Tax Consequences on the CARES Act – Overview of major tax issues from the CARES Act and related notice including planning tec
Monday, July 27, 2020 View Details/Register
CECL Overview
Monday, July 27, 2020 View Details/Register
Accounting for Business Combinations Overview
Monday, July 27, 2020 View Details/Register
  • Cost FREE
  • CPE Credits 1
  • CE Credits 0
  • IRS Course ID GEHNZ-T-00064-19-S
  • CTEC Course ID 6273-CE-0119
  • Subject Area Taxes
  • Course Level Basic
  • Instructional Method QAS Self Study
  • Prerequisites None
  • Advanced Preparation None
  • Recorded Date November 21 ,2019
  • Published Date January 29 ,2020
  • Who should attend? Tax Practitioners Accountant CFO/Controller Business Owner CPA - Small Firm CPA - Mid Size Firm CPA - Large Firm Accounting Firm Tax Pros Tax Firm Young CPA Tax Accountant (Industry) Finance Director Senior Accountant VP Finance
  • Handout Material Download
  • Key Terms Download

On-Demand Webinars

2021 Annual Federal Tax Refresher Course
Wednesday, July 08, 2020 View Details/Register
Segment Reporting – A Detailed Review
Thursday, August 06, 2020 View Details/Register
Goodwill Impairment Testing
Thursday, August 06, 2020 View Details/Register
Segment Reporting Basics
Thursday, August 06, 2020 View Details/Register
Goodwill Impairment Basics (1 Hour)
Thursday, August 06, 2020 View Details/Register
Revenue – Five Steps to Recognition
Wednesday, July 29, 2020 View Details/Register
GUIDE TO DEPRECIATION UNDER THE TCJA
Wednesday, July 29, 2020 View Details/Register
PAYROLL FRAUD INFORMATION AND DISCUSSION
Wednesday, July 29, 2020 View Details/Register
Forecasting in a Time of Uncertainty (COVID-19)
Tuesday, July 28, 2020 View Details/Register
TAX IMPLICATIONS AND PLANNING DUE TO COVID-19
Tuesday, July 28, 2020 View Details/Register
UBIT Under The TCJA
Tuesday, July 28, 2020 View Details/Register
Tax Planning Under Tax Cuts & Job Act : 10 Tips to Reduce Taxes for your Clients
Tuesday, July 28, 2020 View Details/Register
Tax Consequences on the CARES Act – Overview of major tax issues from the CARES Act and related notice including planning tec
Monday, July 27, 2020 View Details/Register
CECL Overview
Monday, July 27, 2020 View Details/Register
Accounting for Business Combinations Overview
Monday, July 27, 2020 View Details/Register