Cost Segregation Tax Strategies

Authored by Gian Pazzia
About this Course
Topics covered include: Cost Segregation Overview; Benefit-Accelerated Depreciation Deductions; Example-Office Building, Current Year Acquisition; Any Type of Property May Be Eligible for a Study; Section 1245 Personal Property; Land Improvements; Cost Segregation-Tax Planning Tool; Tax Considerations; Self Rental Rule; Grouping Election; Planning Opportunity-Lease Language; Cost Segregation Deductions; Tax Reform Updates; Qualified Improvement Property (QIP); Cost Segregation Estate Planning Strategy; Condo Tax Basis; Allocation Study; Repair vs. Capitalization; Avoiding Cost Segregation Recapture Tax; Additional Tax Incentives to Consider. Upon completing this course, you should be able to: Explain what cost segregation is, how taxpayers benefit from it, and how it has changed over the years; Identify tax issues that should be considered in conjunction with a cost segregation studies; Recognize potential impact of cost segregation on estate planning as well as other tax planning ideas; Recognize how tax reform will impact cost segregation studies; Discuss cost segregation opportunities related to the tangible property regulations and disposition regulations; Identify Cost Segregation Estate Planning Strategies; Identify new opportunities to immediately deduct abandoned building components, avoid recapture tax, and expense demolition costs; Recognize the average reallocation for office buildings; Describe lease language and planing opportunities a lessee should utilize; Identify types of qualified improvement property; Identify the primary goal of cost segregation; Describe examples of Section 1245 personal property; Recognize asset life with respect to cost segregation
$ 51.00
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NASBA Field of Study
CPE Credits
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