A Blog About Tax Savings for Building Owners

Category: Accelerated Depreciation

Mastering the Art of Expensing and Accelerating Depreciation Webinar

We have an upcoming free course for CPAs to earn continuing education credit (1.5 hours of CPE) but this will also be a helpful webinar for commercial real estate brokers, commercial bankers and of course, building owners. Commercial building owners should know this information. If you are a residential real estate investor or owner of short-term rentals, this will also be a helpful course.

Prepare for a comprehensive exploration of the intricate world of cost segregation and gain valuable insights to demystify the application of Tangible Property Regulations, resulting in significant reductions in your client’s taxable income. Unlock the artistry behind these regulations to maximize their advantages. We will dissect the most prevalent depreciation and expensing opportunities for clients who own and develop commercial real estate and short-term rentals. Whether it’s Commercial Buildings, Apartment Complexes, Long-Term or Short-Term Rentals, Disposition of Materials, or Interior Renovations, each presents unique opportunities for expensing and accelerating depreciation, provided you have a foundational grasp of the regulations and access to the requisite cost data.

Rather than drowning in the complexities of regulations as is often the case in presentations, we will utilize real-world scenarios encountered by building and short-term rental owners to assist you in crafting a strategy for expensing and accelerating depreciation, including leveraging Bonus Depreciation. An integral aspect of our sessions is addressing your specific queries to empower you in confidently applying these regulations to meet your client’s precise requirements. Hundreds of Tax Professionals have consistently rated CSSI’s team of presenters and content as excellent. We cordially invite you to join us for an engaging 1.5-hour discussion filled with strategic insights and ample time for addressing your inquiries. CPE credits are available for CPAs through our NASBA certified provider.

LEARNING OBJECTIVES

By the end of this lesson, attendees will be able to discuss advanced depreciation and expensing strategies related to cost segregation including:

•Common scenarios for expensing and accelerating depreciation using the Tangible Property Regulations and Cost Segregation

•Advantages of Short-Term Rentals

•When to use Bonus Depreciation vs Section 179

•Renovation Depreciation — When to use Partial Asset Disposition (PAD) and Qualified Improvement Property (QIP)

•Grouping OpportunitiesYour clients who own buildings may be eligible for substantial deductions. Grasp the implications in these real-life scenarios to deepen your understanding of strategies and gain a competitive edge, ultimately affording your clients the deductions and cash flow they rightly deserve.

REGISTRATION INSTRUCTIONS

•You must register for and attend the entire session to receive CPE credit.

•A course evaluation must be completed to receive CPE credit.

•Group attendance will not be recognized. Each attendee must be logged in individually to receive credit.

When you register, you can put my name down as the rep who invited you.

Register for the October 25th webinar at 10am Central Time.

Register for the November 1st webinar at 10am Central Time

Understanding Accelerated Depreciation

Businesses depreciate capital assets and buildings which is all part of standard accounting. I found this article on depreciation methods to be particularly helpful when trying to understanding the different methods of calculating accelerated depreciation. This is more from the perspective of capital assets for a business. The article looks at double declining depreciation method as well as the sum of the year’s digits methods.

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