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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 and Section 179 expensing under TCJA
  • 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 Asset regulations while you collaborate with the right partner.

Course Description

The Tax Cuts and Jobs Act (TCJA) was signed into law on December 22, 2017. This marks the first comprehensive tax law reform since 1986 and the legislation has created a wealth of new opportunities for the thoughtful owner of commercial real estate. A thorough cost segregation study is the vehicle by which TCJA benefits may be obtained. The Tangible Property Regulations (TPRs) are still in play in this post-tax-reform era, and in fact, augment the utility of the TCJA. This Free CPE webinar will demonstrate how a thorough cost segregation study is the key to fully leveraging all possible benefits. The presenter will use real-life examples to illustrate concepts including Expense vs. Capitalization, Bonus depreciation rates, Qualified Improvement Property, Opportunity Zones, and more.

Learning objectives

  • Understand how cost segregation is the vehicle by which tax savings opportunities are obtained.
  • Use a TPR flowchart to assist in the expense vs. capitalization decision-making process.
  • Explain the significance of the date 9/27/17 in determining Bonus rates for new construction projects and acquisitions.
  • Understand the implications of the Interest Deduction Limitation.
  • Become famililar with Section 179 and Opportunity Zones under the TCJA.

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 : 25:30
  • Question 3 : 30:35
  • Question 4 : 20:55
  • Question 5 : 21:50
  1. What is the basic objective of the cost segregation - as the vehicle for savings?
  2. Partial Asset Disposition is a useful election in which one of the following scenario?
  3. According to Tangible Property Regulations (TPR), which one of the following represents the routine maintenance safe harbor under the expensing strategy?
  4. Bonus depreciation under TCJA is expected to be 20% in the year_______.
  5. Miss Jasmin replaced the fire safety equipment in her restaurant building in November 2017. Would she be able to claim the bonus under the Qualified Improvement to the commercial property?
  1. Which one of the following is not an appreciable asset from a real property?
  2. Bonus appreciation is through ____ % through year ______.
  3. Mr. Mayor incurred the cost of $6,000 for his 15 storied building. He paid for interior painting of a common area of the building. Which of the following would help him take advantage of the cost segregation saving strategy?
  4. QIP - TCJA can get _____% bonus.
  5. Section 179 has been expanded starting January of _______.
  6. If Mr. Murdoch has acquired a residential and extended stay property and signed the WBC after the 3rd of December, 2017. How much of the bonus Mr. Murdoch would be able to claim under the TCJA if we assume that the property is to be used for over 20 years?
  7. For the qualified improvement into a restaurant property in March of 2018, the property would be able to get which of the following bonus?
  8. Under the interest deduction limitation which of the following firms are completely exempt from the limitations and are allowed to depreciate property using MACRS class lives as usual?

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 1.5
  • CE Credits 1
  • Course ID GEHNZ-T-00020-19-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 Tax Practitioners CFO/Controller Business Owner CPA - Small Firm CPA - Mid Size Firm CPA - Large Firm Tax Pros CPA (Industry) Tax Firm Young CPA CPA in Business Entrepreneurial CPA
  • Handout Material Download
  • Key Terms Download