Bonus Depreciation Update & Cost Segregation Tax Planning

Author: John Hanning

CPE Credit:  2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC

This on-demand course will give you updates on bonus depreciation and cost segregation. The program 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.

Publication Date: May 2018

Designed For
Tax, accounting, and other professionals in the real estate market.

Topics Covered

  • Bonus Depreciation
  • Tax Reform Updates
  • Cost Segregation Tax Planning

Learning Objectives

  • Identify and apply depreciation rules
  • Recognize leasehold improvement rule changes
  • Recognize long production period property and qualified LHI
  • Identify new case law
  • Recognize self-constructed property
  • Identify and apply the 10% safe harbor
  • Differentiate qualified retail and restaurant property
  • Recognize how specified property types are classified
  • Identify the bonus depreciation rate for various years
  • Describe examples of qualified improvement property
  • Differentiate characteristics of acquired property
  • Recognize building categories with a 15-year useful life
  • Identify property constructed or acquired after what date is applicable to bonus phase out
  • Identify the primary goal of cost segregation
  • Differentiate techniques which allow income or losses between two related entities to offset another

Level
Basic

Instructional Method
Self-Study

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
None

Advance Preparation
None

Registration Options
Quantity
Fees
Regular Fee $55

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