The Final Tangible Property Repair Regulations are now in full effect and taxpayers are required to be in compliance for the 2014 tax year. This course is designed aid tax professionals and taxpayers with the compliance aspects of these new regulations as well as tax strategies to effectively leverage these new rules.
Repair Regulations Overview and Practical Considerations:
- Common changes in accounting methods and optional elections
- The De Minimis Safe Harbor and the $5,000/$500 thresholds
- The Routine Maintenance Safe Harbor
- Relief for Small Businesses
- Disposition rules
- Changes to definitions of Betterments, Adaptations and Restorations with examples
- Changes to rules for materials and supplies
Understand the changes and new rules presented by the new repair regulations
Identify opportunities for missed deductions
Using the proper Accounting Methods for changes under the repair regulations
KBKG
CEO
gian.pazzia@kbkg.com
(877) 525-4462 x150
Gian is currently CEO of KBKG and oversees all strategic initiatives for the company. He has over 20 years of experience in the specialty tax industry. Gian was one of the first in the country to become a "Certified Cost Segregation Professional" (CCSP) and one of the few that has provided expert witness testimony on Cost Segregation issues before the IRS. Prior to joining KBKG, Gian worked at two of the Big Four accounting firms. At PWC in Chicago, he served on the National Cost Segregation Consistency Committee where he was responsible for the development of their proprietary cost segregation software. He also developed their first in-house advanced engineering training program.
KBKG
Director
alex.bagne@kbkg.com
(877) 525-4462 x205
Alex is the Director of KBKG’s Repair Regulation practice. With more than 10 years of Big Four firm experience, Alex specializes in federal tax consulting strategies that have saved his clients millions of dollars. He has worked for Ernst & Young, Deloitte Tax, and PriceWaterhouseCoopers. His expertise includes cost segregation, energy efficiency incentives, research tax credits, fixed asset reviews, and the LIFO inventory method. Prior to working in accounting, Alex earned a BSBA in accounting from The Ohio State University, a Masters of Business Administration from the University of Minnesota, and a law degree from the Tulane School of Law in New Orleans, Louisiana. Alex is a licensed attorney and a member of the American Society of Cost Segregation Professionals. As board member for the U.S. Green Building Council (USGBC), Northeast Ohio Chapter, he is an advocate of Green construction.
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