On-Demand
An Overview of Current Commercial Real Estate Depreciation Strategies 2024-25
Overview
It can be challenging to ensure that your clients' have fully leveraged their fixed assets. Cost segregation is the beginning of a comprehensive tax plan and is key to maximizing tax benefits. To maximize tax savings on commercial real estate, cost segregation can be used thoughtfully in combination with multiple other strategies. By employing incentives like bonus depreciation, expensing under Tangible Property Regulations, Section 179 expensing, and more, CPAs can ensure that their clients have fully optimized their real estate tax efficiency.
This Self-Study will discuss current depreciation strategies and demonstrate how to use them in tandem. A strategic hierarchy chart and several other printable reference tools will be provided.
The utility of cost segregation will be discussed.
Product Code
1000003417
Credit Type
CPE: 1CPE-Technical: 1Format
Online Self-Study
Intended Audience
CPAs
NASBA Field of Study
- Specialized Knowledge
- Taxes
Level of Difficulty
Intermediate
Prerequisites
Some knowledge of Cost Segregation.
Advance Preparation
None.
Learning Objectives
Major Subjects
- 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, Tangible Property Regulations (TPRs) and Energy Incentives all contribute to a comprehensive tax strategy.
- Compare and contrast Bonus and Section 179.
- Strategically use various tax strategies to maximize savings.
Faculty
