Understanding Cost Segregation, Repairs vs Capitalization, 179D EPAct, and Disposition of Assets.
This presentation will provide a high level overview of the repair regulations and the taxpayer friendly opportunities they have created. This includes the broadened application of Cost Segregation, qualifying activities for routine maintenance and repairs, partial asset disposition (PAD), energy efficient building incentives, and our current window of opportunity for adjustments and compliance.
The presentation is designed to give clarity and awareness to the preferred method of depreciation and capitalization of repair & maintenance items, a property’s building systems and the proper handling of assets after renovation or retrofit. The objectives are to ensure that attendees clearly understand available incentives, can identify applicable situations, and have clear examples for how they benefit property owners.
Clearly understand how the Tangible Property Regs impact Real Estate owners and the necessity for detailed Cost Segregation for compliance and Building System allocation.
Gain a general understanding of the Final Tangible Property Regs issued by the IRS on September 13, 2013.
Recognize the requirements and understand next steps for compliance to the Final Regs.
Learn how to recognize routine incidental repairs and maintenance for property operating conditions and the financial benefit of reallocating these expenses.
Understand current energy incentives relating to Energy Efficient commercial properties and lighting, HVAC and building envelope components for reduced tax liability.
Heidi worked as a staff accountant for over 15 years with multiple companies in the Real Estate Finance, Development, Construction, and Commercial Property Industries. She later decided on a career change to embrace corporate marketing, and found her niche with Engineered Tax Services as their VP of Marketing and Business Development. Her knowledge of construction and development processes along with accounting principles were an ideal fit for Specialty Tax Incentives, entailing a thorough knowledge of Construction Tax Planning, Cost Segregation, Disposition, Energy Tax Incentives, and an understanding of a properties composition. She has been able to effectively communicate these complex strategies in an understandable, and applicable way to ETS clients across the country.