CPA - medium firm
CPA - large firm
Enrolled Agent
Real Estate Professional
Winter 2019 Update
The Final Tangible Property Repair Regulations are in full effect, yet many taxpayers are not in compliance or are missing opportunities to take full advantage of these new rules. This webinar covers compliance requirements as well as potential tax planning strategies on both a retroactive and prospective basis. The webinar also contains in-depth examples and real-life case studies. Participants will be better able to identify tax saving opportunities and be in compliance with these new regulations.
Repair Regulations Overview and Practical Considerations:
• Common changes in accounting methods and optional elections
• The De Minimis Safe Harbor and the $5,000/$2,500 thresholds
• The Routine Maintenance Safe Harbor
• Relief for Small Businesses
• Disposition rules
• Definitions of Betterments, Adaptations and Restorations with examples
• Rules for materials and supplies
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Understand changes and new requirements presented by the final repair and disposition regulations
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Identify new opportunities to immediately deduct abandoned building components, avoid recapture tax, and expense demolition costs
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Gain an in depth knowledge of Unit of Property rules
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Determine when to capitalize and depreciate expenditures and when to treat them as immediately deductible repairs and maintenance expenses
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Effectively use accounting method changes and elections under the repair regulations to maintain compliance and reduce tax obligations
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Identify opportunities for missed deductions and other tax planning ideas
Lloyd Doletski (Self Employed)
"The speaker spoke in a fluent manner. The information was presented at a reasonable pace. I had no questions on the information presented. The displays were easy to read, very informative and answered any questions, which came to mind . The speaker was skilled in utilizing the displays in presenting the information of the webinar."
Robert Donahue (self-employed)
"Mr. Price did a great job of presenting the technical data in a manner that helped me understand the tangible property repair/capitalization criteria better than I currently had knowledge about."
James Hennick (Quandt Berndt)
"This webinar provided more information on the repair regulations than I could have imagined is out there. A very thorough and interesting session was provided by the presenter."
Arijuana Hitchens (Taxes and More, LLC)
"Awesome class! l learned a wealth of great information! Eddie did a great job of explaining things and I loved the examples. They helped me understand things better."
Bruce Baltrusitis (Tecnotax)
"The presenter Eddie Price covered soup to nuts on this Tangible property Webinar and learned that repairs vs. capitalization is not all cut and dry. xcellent Webinar."
Janice Berrian (Self-Employed)
"Eddie Price did a wonderful presentation. It was well paced, clear with good examples."
willie perry (Ouidah International Inc)
"Very good information- I know the differance between [Betterment] and improvement."
Jeremiah Horn (Jeremiah Horn)
"Excellent examples. Some of the best explained scenarios in any CPE class!"
Eddie Price
KBKG
Principal – Cost Segregation
eddie.price@kbkg.com
(877) 525-4462 x201
Eddie is a Principal with KBKG and oversees the Southern region and its Texas-based operations. He is a Certified Cost Segregation Professional (CCSP) with the American Society of Cost Segregation Professionals (www.ASCSP.org). With over 35 years of cost segregation experience dating back to the Investment Tax Credit period, Eddie is one of the most experienced experts in the industry.
Eddie currently serves as Co-Chair of the Testing Committee of the ASCSP and is a former Chair of the Education Committee. In that position, he led the effort to develop educational courses and exam prep material that ASCSP members utilize before taking industry accreditation exams. He was also instrumental in getting ASCSP qualified by NASBA to provide Continuing Professional Education (CPE) to the CPA community.
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