This course will provide a fundamental understanding of the impact and integration of various strategies that can be used to maximize deductions for owners of commercial and residential real estate. The recently-released Tangible Property Regulations enable property owners to expense certain items based on a series of evaluations and thresholds. Additionally, these regulations provide guidance on retiring assets for tax purposes. Some of these important features are set to expire with 2014 tax filings. Additionally, the course will cover a summary of the expired tax incentives (for those on extension or who wish to amend returns). Designed for tax, accounting, and other professionals serving the real estate markets, the instructors will focus on the practical application of these rules and what it will mean as part of an effective tax planning strategy for the foreseeable future.
Brief overview of the Tangible Property Regulations, Repair vs. Capitalization, Routine Maintenance Safe Harbor, Dispositions
Overview of expiring tax incentives associated with 2014 returns, Bonus Depreciation, Prior Year Partial Dispositions
Practical applications of tax strategies, Cost Segregation as a benchmark for TPR decisions and write-offs, Look- Back opportunities, Case study
With over 30 years’ experience in commercial real estate, construction and brokerage, Yon has been involved with cost segregation since 2005 and is a recognized subject matter expert, published author and national speaker. Yon has worked with an array clients – ranging from sole practitioners to national and publicly traded companies. He holds degrees in Physics and Mathematics from Le Université de Clairment-Ferrand in France and is a member of the American Society of Cost Segregation Professionals.