Overview of Cost Segregation (Completed)

Designed for CPAs and real estate professionals who are new to cost segregation, this course is a practical, broad-based overview of this popular strategy. Your instructors, who are all cost segregation veterans, will provide an in-depth background of the most current information, including recent developments, how to measure potential savings and identify clients who qualify, how a study is performed, depreciation rules, the correct deliverable format, and more. You’ll also discover how to add value to your practice by offering cost segregation and how to hire the right cost segregation provider.

Who Should Attend
CPAs and real estate professionals who are new to cost segregation

Topics Covered

• Cost Segregation Concept Defined: Similarities between Cost Seg and 1031s; Pros and Cons of Utilizing Cost Segregation
• When Should a Cost Segregation Study be Performed: Qualifying Property; New Construction vs. Lookback
• Tax Deferral Opportunities and Issues: Depreciation Rules and Examples; Cost Segregation Case Study; Recapture; Commonly overlooked applications (Abandonments and Structuring Lease Agreements)
• Critical Court Decisions Governing the Classification of Property
• Special Tests
• IRS Audit Techniques Guide
• Cost Segregation Report And Proposal Process

Learning Objectives

• Provide a general overview of Cost Segregation
• Learn how to identify qualifying projects
• Overview of tax savings opportunities and issues
• Discuss the IRS's position on Cost Segregation
• Review what to look for in a Cost Segregation provider

Level
Basic

Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
None

Advance Preparation
None