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OnDemand Course

New Bonus Depreciation Rules and Section 179 Expensing

Learn and fully understand the new bonus depreciation rules and section 179 expensing.

This topic will give you updates on bonus depreciation and cost segregation. It will clarify many confusing areas of bonus depreciation and discuss how it interacts with cost segregation. Finally, we will discuss any current case law or legal developments in the area of cost segregation. This information is of value to tax, accounting and other professionals in the real estate market.

Learning Objectives

  • You will be able to identify the TCJA of 2017 new bonus rates and eligibility.
  • You will be able to differentiate between property types
  • You will be able to identify special rules for bonus depreciation
  • You will be able to identify the characteristics of a qualified Cost Segregation Specialist

99 minutes
Course Exam
Certificate of Completion
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Why Lorman?

Over 34 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

Tax Reform - Bonus Depreciation

  • New Legislation and Regulations
  • Bonus Depreciation Requirements

Tax Reform - 179 Expensing

Bonus Pre 2018 Qualified Real Property

  • Qualified Leasehold Improvement Property
  • Qualified Restaurant Property
  • Qualified Retail Property
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Why Lorman?

Over 34 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 January 15, 2021.

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

  • CPE/NASBA - QAS Self Study 2.6 including Business Law 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: Business Law 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 34 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

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 34 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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Pay once and get a full year of unlimited training in any format, any time!


  • OnDemand Courses
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  • State Specific Credit Tracker
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Questions? Call 877-296-2169 to speak with a real person.

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Product ID: 408396
Published 2021
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Available in Multiple Formats

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