CPA - medium firm
CPA - large firm
Enrolled Agent
Real Estate Professional
Fall 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
Reginald Labbe (Real Estate Lending Inc)
"Excellently presented on a very tough subject - slides keep the presentation meaningful and easy to follow - great job."
Renee Hedsand (Hedsand & Associates CPA's LLC)
"The presenter was wonderful at explaining all the tax regulations and changes"
Megan Malone (Megan C. Malone, CPA, Inc.)
"the speaker was really good. Very clear and talked at a good pace."
Debbie Murray (Avitus Group)
"Eddie is a great presenter and very knowledgeable :)"
Gerald Williams (GERALD L. WILLIAMS, CPA)
"EXCELLENT PRESENTATION AND VERY THROUGH!"
Katyanee Svastikula (Sarah C. Nickel, C.P.A.)
"Great presentation. Thank you."
Arthur, TX
"Eddie is an outstanding instructor. He is very knowledgeable and gave a well organized presentation with easy to follow slides clear speech that helped me to understand many aspects of the repair regulations."
Merry, CA
"Great information presented in an organized fashion. Very informative - thank you!"
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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