Identify tax saving opportunities and understand how to be in compliance with new regulations.
Many taxpayers are not in compliance or are missing opportunities to take full advantage of these new regulations. This material covers compliance requirements as well as tax planning strategies on both a retroactive and prospective basis. You will learn how to identify these tax saving opportunities, understand the impact of the TCJA and Disposition Regulations, and understand how to be in compliance with new regulations.
Learning Objectives
- You will be able to identify the impact of the Tax Cuts and Jobs Act to Fixed Assets.
- You will be able to identify examples of Applicable Property, Betterments, Restorations, and Adaptations
- You will be able to differentiate between capitalizing and expensing Materials and Supplies.
- You will be able to recognize tax savings related to Fixed Assets
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Why Lorman?
Over 37 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
TCJA and Final Repair Disposition Regulations
- Learn About the Changes and Requirements of the New Tax Law
- How to Ensure Compliance
Tax Saving Opportunities
- What Opportunities Are Available
- How to Look for Benefits During Tax Planning
- Identify Missed Opportunities/Deductions
Real-Life Case Studies
- Examples of Applicable Property, Betterments, Restorations, and Adaptations
- Insights and Considerations for Possible Scenarios
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Credit
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Why Lorman?
Over 37 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 reviewed on March 8, 2023.
Call 1-866-352-9540 for further credit information.
CPE/NASBA - QAS Self Study 2.6 including Accounting 2.6
- 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: www.nasbaregistry.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: 2.6 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Accounting for 2.6 hours. Prerequisite: basic knowledge of taxation. 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 37 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
Lester Cook, CCSP
KBKG
- Principal of KBKG, Chicago office
- Has completed cost segregation analyses on thousands of properties ranging from office space leasehold improvements to multibillion-dollar industrial complexes and hotel and resort projects
- Specializes in cost segregation and fixed asset services, including tangible property repair regulation analyses
- Has worked with many Fortune 500 companies and successfully representing his claims to both IRS and Financial Auditors
- AccountingToday author; Tax Court Rejects Taxpayer’s Land vs. Building Allocation
- Driving Force Speaker; Tax Planning Opportunities for Auto Dealers
- ASCSP National Conference Speaker; TPR – Interpretation and Practical Application
- Michigan Society of CPAs; Business Information and Technology conference featured speaker
- Regular presenter on our KBKG cost segregation, bonus depreciation and tangible property regulation webinar courses that are hosted to thousands of CPAs nationwide
- B.S. degree in construction management, Purdue University
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Why Lorman?
Over 37 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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