About this Course
Topics covered include: Bonus Depreciation; Tax Reform Updates; Cost Segregation Tax Planning.
Upon completing this course, you should be able to: 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.