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OnDemand Course

Current Issues in Cost Segregation

Discover the opportunities and legal considerations of cost segregation.

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 recognize what a Cost Segregation Study is
  • You will be able to identify qualified property.
  • You will be able to recognize the impact of the Tax Cuts and Job Act of 2017 to a Cost Segregation Study.
  • You will be able to differentiate between improvements, betterments, adaptations, and restorations.

Runtime: 107 minutes
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Why Lorman?

Over 33 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

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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Why Lorman?

Over 33 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 Course

This course was last revised on February 15, 2019.

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

  • CPE/NASBA - QAS Self Study 2.5 including Specialized Knowledge 2.5
     
  • Lorman Education Services is registered with the National Association of State Boards of Accountancy (NASBA) as a QAS Self Study 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: https://www.nasbaregistry.org/cpas/complaints. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 2.5 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 2.5 hours. Prerequisite: . Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: QAS Self Study. Please refer to the information in this advertisement 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.
     
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Why Lorman?

Over 33 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

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 KBKG’s 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 33 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: 405736
Published 2019
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