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Cost Segregations 201: Current Commercial Real Estate Depreciation Strategies


Cost Free
Presentation Length 1.0 hour

Recorded DateNovember 23, 2022
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaTaxes
Course LevelBasic
Course Description

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) corrected the recovery period of qualified improvement property (QIP) to 15 years. This has tremendous implications and will play a large role in a modern comprehensive tax strategy.

In this session, we will examine the historical treatment of qualified property categories and focus on the current status of QIP under the CARES Act. We will also explore other strategies that may be part of a comprehensive tax strategy and will discuss a strategic hierarchy for employing those strategies successfully. Relevant Rev. Procs. and several real-life case studies will be reviewed.
Learning Objectives:

  • Summarize and understand the history of qualified property categories

  • Determine the implications of the CARES Act’s correction of QIP recovery period

  • Identify how to incorporate retroactive CARES Act changes into past returns

  • Recognize the value of QIP as an indicator of Section 179 eligible property

  • Give examples of how strategies like Section 179 expensing, bonus depreciation, the tangible property regulations (TPRs), and energy incentives all contribute to a comprehensive tax strategy

  • Contrast and compare bonus and Section 179 

  • Practice using various tax strategies in a strategic manner to maximize savings

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Isaac Downing

Capstan Tax Strategies
Regional Sales Director (West Coast)
(215) 885-7510

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Over the last decade, Isaac Downing has played every role in the cost segregation industry – he’s been an engineer performing studies, an accountant reviewing studies, and a salesperson selling studies.  Now he’s bringing that wealth of experience – and the associated unique perspective — to Capstan Tax Strategies. 

It’s not typical for salespeople to have accounting and engineering experience, but Downing is anything but typical.   A proud Marine, Isaac spent 4 years as a USMC Engineer, and then earned an additional degree in Accounting and Finance.  After a stint managing over $3B worth of fixed assets for a luxury hotel REIT, he began performing cost segregation projects in-house.   Isaac later moved to public accounting where he performed cost segregation studies on all major property types, working with basis upwards of $50M.  While functioning as the engineer on the projects, he actively looked for additional savings streams and effectively communicated those solutions to his clients.  He discovered he was a natural at sales, and found himself drawn to that side of the aisle. 

As such, he spent several years in business development, building relationships with C-suite executives. Fortunately for Capstan, he decided the time was right to return to his cost seg roots.  Isaac’s professional journey means that he knows the industry inside and out, in a way that most salespeople simply never will.   This “inside baseball” enables him to serve his clients in a holistic way, and his friendly, results-driven approach speaks for itself.   Isaac exemplifies the Core Values of the Marine Corps, bringing honor, courage, and commitment to everything he does. 

In his limited spare time, Isaac enjoys volunteering for VA-related charities, studying jiu-jitsu, and palling around with his cranky cat Waffles. 

About Our Presenter

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Capstan Tax Strategies is a professional services firm that helps CPAs and commercial real estate owners navigate Tangible Property and Fixed Asset Regulations and maximize the tax benefits of real estate holdings.