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Live Webinar

100-minute live streaming program
  • January 18
  • 1:00 - 2:40 pm EST

Also available as:

OnDemand Webinar
Audio & Reference Manual
MP3 Download

Current Issues in Cost Segregation

January 18

Discover the opportunities and legal considerations of cost segregation.

Cost segregation is a powerful tax planning strategy used by real estate owners and tenants to accelerate significant depreciation deductions associated with buildings and improvements of all types and sizes. Although cost segregation has become quite popular in recent years, many tax advisors and real estate owners are still missing significant opportunities because they are unfamiliar with the many applications.

This topic provides both an introduction to cost segregation, as well as some more advanced planning ideas. A solid understanding of cost segregation and the benefits of applying this strategy will be provided. Enjoy a discussion of various applications for cost segregation, beyond newly constructed and newly acquired properties. The topic concludes with an overview of what the IRS is looking for in a cost segregation study.

Learning Objectives

- You will be able to explain the impact of accelerating depreciation.

- You will be able to review updates on current stimulus packages, ruling or legislation.

- You will be able to define qualifying property.

- You will be able to discuss tests used for identifying qualifying property.

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Why Lorman?

Over 30 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Why You Need to Know About Cost Segregation
  • CPAs and Trusted Advisors
  • Real Estate Owners
Cost Segregation Overview
  • What Is a Cost Segregation Study?
  • Impact of Accelerating Depreciation
  • Proper Methodologies
Qualifying Property
  • What Constitutes a Building
  • Tests Used for Identifying Qualifying Property
  • Examples of Qualifying Property
Applications for Cost Segregation
  • Life Cycle of Real Estate
  • Using Cost Segregation With New Construction, Acquisition, Redevelopment, Tenant Improvement, Look-Back Studies and More
  • Interplay With the Tangible Property Regulations
Recent Updates
  • Current Stimulus Packages, Ruling or Legislation
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More Program Information

Why Lorman?

Over 30 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Webinar

This course was last revised on January 18, 2017.

Call 1-866-352-9540 for further credit information.

Live Webinar Registration

  • AIPB 2.0
     
  • This program is acceptable for 2.0 CPEC(s) towards the CB designation through the American Institute of Professional Bookkeepers (AIPB).
     
  • Enrolled Agents 2.0
     
  • This program qualifies for 2.0 hours of Continuing Education Credit for enrolled agents under Treasury Department Circular #230 Section 10.6(g).
     
  • CPE 2.0 including Specialized Knowledge 2
     
  • Lorman Education Services 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 web site: www. learningmarket.org. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 2.0 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Specialized Knowledge for 2.0 hours. Prerequisite: . Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: Group Internet Based. Please refer to the information in this brochure for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board. Please note: In order to receive CPE credit for this course you MUST use the streaming audio option, as well as enable and complete the required progress checks.
     
  • Lorman Business Center, Inc. is a registered provider for CPA CPE through the State Education Department of New York, Sponsor number: 000640. The following course will carry the subject area of Specialized Knowledge and Applications for 2.0 hours.
     
  • Lorman Business Center, Inc. has registered with the Texas State Board of Public Accountancy as a CPE Sponsor. This registration does not constitute an endorsement by the Board as to the quality of our CPE Program. This program qualifies for 2.0 hours of continuing professional education.
     

Audio & Reference Manual

  • CAC 0.5
     

MP3 Download

No credit available.

Who should attend?

This live webinar is designed for CPAs, accountants, CFOs, controllers, accounts payable professionals, tax managers, tax preparers, presidents, vice presidents, bookkeepers, and enrolled agents.

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Why Lorman?

Over 30 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Malik Javed, CCSP

KBKG

  • Principal and oversees engineering operations for Cost Segregation projects at KBKG
  • Certified member of the American Society of Cost Segregation Professionals (ASCSP) and is currently a member of the ASCSP Technical Standards Committee
  • Since joining KBKG in 2004, he performed hundreds of Cost Segregation studies, regularly reviewed architectural and engineering drawings and construction cost budgets
  • Responsibilities include site inspections of residential, commercial, and manufacturing facilities; has also successfully represented KBKGs clients in an IRS audit
  • Prior to joining KBKG, he worked as a Resident Engineer in Construction Management at PEPAC; he was responsible for the overall performance and quality of work; including the verification of bills, estimates, and claims, as well as supervising the construction of buildings in accordance with design and specifications
  • M.S. degree in engineering management; B.S. degree in civil engineering, California State University, Northridge
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Why Lorman?

Over 30 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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  • State Specific Credit Tracker
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* For audio recordings you only pay shipping

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Product ID: 399721
Published 2017
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