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Cost Segregation 201: Advanced Applications for the Life Cycle of Real Estate

Take a stroll through the life cycle of real estate and the role of cost segregation through the assets' life.

In 2018, the tax reform changes made cost segregation studies more valuable than before. Cost segregation is a commonly used strategic tax planning tool that allows companies and individuals who have constructed, purchased, expanded or remodeled any kind of real estate to increase cash flow by accelerating depreciation deductions and deferring federal and state income taxes. Under the new law, any building components with a tax recovery period of 20 years or less, are eligible for 100% bonus depreciation. Historically, bonus depreciation only applied to newly constructed property, but now it's available for any acquired property. Further, cost segregation principles and techniques can apply to a variety of tax or accounting matters in ways that most taxpayers or preparers have not thought of. Understanding cost segregation and learning about the benefits will be a tax saving strategy that all companies and individuals in the real estate industry may take advantage from.

Runtime: 111 minutes
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Why Lorman?

Over 32 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

Intro to Cost Segregation

  • Provide a General Overview of Cost Segregation
  • Depreciation and Tax Considerations Associated With Cost Segregation
    • Unit of Property

Advanced Tax Planning Related to Cost Segregation

  • The Interplay Between Estate Planning for Real Estate and Cost Segregation
  • Effectively Utilizing the Gaa Election to Preserve Deductions on Demolished Buildings
  • How Cost Segregation Can Help Condominium Developers Reduce Gain on Sale of Units
  • How Cost Segregation Techniques and Cost Estimation Principles May Be Applied for Other Accounting Purposes
  • Cost Segregation Tax Law Developments and Changes

Identify Cost Segregation Opportunities

  • Learn What Are the Qualifying Criteria of a Cost Segregation Project
  • Overview of Tax Savings Opportunities and Issues
  • How to Choose a Cost Segregation Provider
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Why Lorman?

Over 32 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 June 17, 2019.

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

  • 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).
     

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Audio & Reference Manual

  • Arizona CLE 1.5
     
  • CA MCLE 1.5
     
  • CT CLE 1.5
     
  • HI CLE 1.5
     
  • IL CLE 1.5
     
  • ME CLE 1.5
     
  • MT CLE 1.75
     
  • NJ CLE 2.0
     
  • NV CLE 1.5
     
  • VT CLE 1.5
     
  • WA CLE 1.75
     
  • WV MCLE 2.0
     
The CLE Code is ONLY a requirement when applying for CLE Credit in California (for participatory credit), Kansas, New Jersey or New York. Other states do not need to supply the CLE Code to apply for CLE credit.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

MP3 Download

  • Arizona CLE 1.5
     
  • CA MCLE 1.5
     
  • CT CLE 1.5
     
  • HI CLE 1.5
     
  • IL CLE 1.5
     
  • ME CLE 1.5
     
  • MT CLE 1.75
     
  • NJ CLE 2.0
     
  • NV CLE 1.5
     
  • VT CLE 1.5
     
  • WA CLE 1.75
     
  • WV MCLE 2.0
     
The CLE Code is ONLY a requirement when applying for CLE Credit in California (for participatory credit), Kansas, New Jersey or New York. Other states do not need to supply the CLE Code to apply for CLE credit.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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More Program Information

Why Lorman?

Over 32 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

Sumit Sharma

Sumit Sharma

KBKG

  • Director of KBKG, New York office
  • Specializes in cost segregation and fixed asset services, including tangible property repair regulation analyses
  • AccountingToday author – Maximize Gains on Sale of Condos in Mixed-Use Developments, Condo Tax Basis Allocation Studies
  • New York State Society of CPAs, Westchester Chapter featured speaker – Tangible Property Regulations and Cost Segregation
  • Pennsylvania Society of Tax & Accounting Professionals featured speaker – Tax Reform Updates and Fixed Asset Tax Planning
  • Regular speaker on our KBKG Cost Segregation and Tangible Property Regulation webinar courses that are hosted to thousands of CPAs nationwide
  • B.A. degree in engineering management, Stevens Institute of Technology
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Why Lorman?

Over 32 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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Product ID: 405593
Published 2019
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