Cost Segregation Tax Strategies (Currently Unavailable)

Author: Gian Pazzia

A Cost Segregation Study dissects the construction cost or purchase price of real property that would normally depreciate over a long period and reallocates costs into shorter tax lives of 5, 7 or 15 years. This on-demand course will provide tax reform updates, developments in the area of cost segregation, and tax planning ideas that can save money for your clients.

Publication Date: May 2018

Designed For
Tax, accounting, and other professionals in the real estate market.

Topics Covered

• 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

Learning Objectives

• 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

Level
Overview

Instructional Method
Self-Study

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
None

Advance Preparation
None