Cost Seg 201: Current Commercial Real Estate Depreciation Strategies for 2021
Learning Objectives:
• Understand the history of Qualified Property Categories.
• Explain the implications of the CARES Act’s correction of QIP recovery period.
• Understand how to incorporate retroactive CARES Act changes into past returns.
• Understand the value of QIP as an indicator of Section 179-eligible property.
• Explain how strategies like Section 179 Expensing, Bonus Depreciation, the Tangible Property Regulations (TPRs) and Energy Incentives all contribute to a comprehensive tax strategy.
• Compare and contrast Bonus and Section 179.
• Use various tax strategies in a strategic manner to maximize savings.
• Introduction
• The Evolution of Qualified Property Categories and QIP
• CARES Act and Relevant Rev. Procs.
• QIP as an Indicator of Section 179-Eligible Property
• Parts of a Comprehensive Plan
− Section 179 Expensing
− Bonus Depreciation
– TPRs
– Energy Incentives
• Strategic Hierarchy of Tax Strategies
Recommended CPE: 1.0 Credit
Program Level: Beginner/Intermediate
Prerequisites: General Background in Accounting, Depreciation and Cost Segregation
Advanced Preparation: None
Field of Study: Taxes
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