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DEPRECIATION COMPLEXITIES OF THE TAX CUTS & JOBS ACT

Cost Free
Presentation Length 1.0 hour

Recorded DateMarch 1, 2018
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaTaxes
Course LevelBasic
Course Description

Join SourceHOV Tax for a deeper dive into the numerous depreciation related changes of the Tax Cuts and Jobs Act of 2017. In this one hour presentation, Charles Duncan and Brian Coddington will discuss the nuances of 100% bonus depreciation post 9/27/17, including placed in service and under construction limitations, Qualified Improvement Property rule clarification, section 179 expanded eligibility, interest deductibility, including when and how auto dealerships qualify, and lastly revisions to sections 263A, 471, 460 and 163 for taxpayers under $25 million in gross receipts. From 2017 compliance to 2018 consulting opportunities, you won’t want to miss this informative session.

Learning Objectives

  • Nuances of 100% bonus depreciation including placed-in-service dates and binding contracts.

  • Section 179 expanded eligibility.

  • Section 163 implications such as floor plan financing and its effect on auto dealerships and their eligibility for bonus depreciation.

  • The $25 million gross receipts test and simplification for small taxpayers.

PLEASE NOTE: ARCHIVED WEBINARS DO NOT QUALIFY FOR CPE
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Charles Duncan

SourceHOV Tax
Director, Cost Segregation & EPAct §179D
charles.duncan@sourcehovtax.com
(817) 546-6591

Sourcehovtax

Charles started the SourceHOV | Tax Cost Segregation Practice in 2003. After leaving to pursue opportunities in public accounting, he rejoined SourceHOV | Tax in 2012 as the Technical Director of Cost Segregation and EPAct §179D. He has extensive experience in the cost segregation industry having managed more than 1,000 studies in a wide variety of industries. He also has extensive experience in repairs studies under the §263(a) tangible personal property regulations.

He previously served as the national cost segregation services director at another boutique tax services firm as well as having experience providing cost segregation services at both E&Y and KPMG. His specialties include cost segregation, fixed asset accounting, construction advisory services and repairs studies.

Charles develops extensive training materials and frequently leads cost segregation and §263(a) continuing education seminars for organizations such as the American Institute of Certified Public Accountants, both locally and nationally, as well as accounting firms across the country.

Charles holds both a Bachelor’s and a Master’s degree in Architecture from Tulane University.

Linkedin

Brian Coddington

Coddington Tax Services
Business Tax Consultant
brian@coddingtontax.com
(817) 507-9213

Coddingtontax

Brian Paul Coddington provides compliance, consultation, and audit representation services to companies, law firms, CPA firms, and other tax advisory firms in the areas of tax accounting methods and credits. Mr. Coddington has represented taxpayers before the Internal Revenue Service in matters involving LIFO inventory methods, Uniform Capitalization (“UNICAP”) costing methods under Internal Revenue Code section 263A, cost segregation, and research credit claims. He has represented clients before the I.R.S. National Office in numerous Accounting Method Changes. Mr. Coddington began his career at a national tax software and service provider where he oversaw all tax technical research and provided technical support services, including audit representation, to all tax offerings. He then worked at a Big Four firm in a national projects group that specialized in federal inventory taxation matters. Since 2011, he has been a sole practitioner advising taxpayers and other practitioners in the areas of tax accounting methods, DPAD, research credit, and fixed asset issues. Mr. Coddington is an Enrolled Agent, is a mediator in the state of Texas, and has pursued additional studies at Texas Wesleyan University School of Law.

About Our Presenter

Sourcehovtax
SourceHOV|Tax has helped companies save billions of dollars through specialized tax incentives for more than three decades. We work to ensure our clients receive the maximum benefits available under IRS guidelines. We work with middle market, Fortune 500 and closely-held, small businesses. As all successful businesses, we have evolved over the years. However, our commitment to clients and service excellence remains our guiding principle and the foundation of our business.
Our current suite of services includes:
  • Research and Development Tax Credits
  • Section 199 Domestic Production Activities Deduction
  • Cost Segregation
  • Fixed Asset Review
  • Section 179D Green Building Deductions
  • Section 45L Energy-Efficient Home Credit
  • LIFO Inventory Accounting
Our technical teams have significant Big Four and industry experience, and bring years of expertise and finely-tuned processes to each engagement, ensuring accurate, cost-effective and timely results. For more information, please visit us at www.sourcehovtax.com or call 800-806-7626.