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Cost Segregation 201: Advanced Applications for the Life Cycle of Real Estate

Lorman Education Services
Training overview
Professional Course
Self-paced Online
2 hours
From 149 USD

Start dates
149 USD
Start anytime

Course description

Cost Segregation 201: Advanced Applications for the Life Cycle of Real Estate

Understand cost segregation and how the benefits can be a taxsaving strategy.

Cost segregation is a commonly used strategic tax planning tool that allows companies and individuals who have constructed, purchased, expanded, or remodeled any kind of real estate to increase cash flow by accelerating depreciation deductions and deferring federal and state income taxes. Under the new law, any building components with a tax recovery period of 20 years or less, are eligible for 100 bonus depreciation. Historically, bonus depreciation only applied to newly constructed property, but now its available for any acquired property. Further, cost segregation principles and techniques can apply to a variety of tax or accounting matters in ways that most taxpayers or preparers have not thought of. Understanding cost segregation and learning about the benefits will be a taxsaving strategy that all companies and individuals in the real estate industry may take advantage of.

Who should attend?

This live webinar is designed for accountants, controllers, bookkeepers, CFOs, tax managers, enrolled agents, and attorneys.

Training content

Intro to Cost Segregation

  • Provide a General Overview of Cost Segregation
  • Depreciation and Tax Considerations Associated With Cost Segregation
  • Unit of Property

Advanced Tax Planning Related to Cost Segregation

  • The Interplay Between Estate Planning for Real Estate and Cost Segregation
  • Effectively Utilizing the GAA Election to Preserve Deductions on Demolished Buildings
  • How Cost Segregation Can Help Condominium Developers Reduce Gain on Sale of Units
  • How Cost Segregation Techniques and Cost Estimation Principles May Be Applied for
  • Other Accounting Purposes
  • Cost Segregation Tax Law Developments and Changes

Bonus Depreciation and Qualified Improvement Property (QIP) Update

  • Review of CARES Act Provisions
  • Brief Refresher on Bonus Depreciation Criteria
  • Applicability to Qualified Leasehold Improvements, Retail Improvements, and
  • Restaurant Property
  • Understand Qualified Improvement Property
  • Discuss the Changes to QIP Because of the CARES Act
  • Cover the Methods to Correct or Amend Prior Returns to Fix QIP
  • Relevance of Prior Tax Law or TCJA Provisions That Still Affect Taxpayers

Identify Cost Segregation Opportunities

  • Learn What Are the Qualifying Criteria of a Cost Segregation Project
  • Overview of Tax Savings Opportunities and Issues
  • How to Choose a Cost Segregation Provider

Certification / Credits

Credits: AIPB ,CLE,Enrolled Agents ,CPE

Learning Objectives

  • You will be able to discuss ways that cost segregation techniques can be applied to allocate tax basis for purposes other than depreciation.
  • You will be able to recognize the potential impact of cost segregation on estate planning.
  • You will be able to identify tax issues that should be considered in conjunction with a cost segregation study.
  • You will be able to explain what cost segregation is, how taxpayers benefit from it, and how it has changed over the years.

About Lorman Education Services

Lorman Education Services - Live and On-Demand Courses

Lorman Education Services is a leading provider of online professional development and corporate training for organizations and individual professionals. For more than 30 years, Lorman has delivered relevant, high-quality, professional-level courses that cover a broad range of business and technical...

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Contact info

Lorman Education Services

Lorman Education Services
2510 Alpine Road
54702 Eau Claire Wisconsin

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